France loses AAA rating
Rating could come under pressure if government’s commitment to low debt ratios weakens
Placement comes amid deepening political, financial, and monetary problems within the eurozone
Canada ahead of other ‘AAA’ rated peers rated
Rating based on guarantees from various European nations
Ratings could be lowered by up to one notch for Austria, Belgium, Finland, Germany, Netherlands, and Luxembourg, and by up to two notches for the other governments
Shifts outlook to negative
The probability of multiple defaults by euro area countries is no longer negligible
Rating agency cites large fiscal imbalances, high debts and poor economic outlook
The political situation is very difficult to predict, raising the level of uncertainty and risk