While France faces the prospect of losing its AAA credit rating, likely from S&P first, the CDS market has already marked down its view of France’s creditworthiness. The cost of insuring French debt is more expensive than the following countries and I include their S&P FX credit rating: Brazil (BBB), Chile (A+), China (A+), Columbia (BBB-), Czech Republic (A+), Indonesia (BB+), Japan (AA-), Malaysia (A-), Mexico (BBB), New Zealand (AA), Panama (BBB-), Peru (BBB-), Philippines (BB+), South Africa (A-), South Korea (A) and Thailand (BBB+).
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.