Credit default swaps on French debt hit record highs

08/9/2011 | Wall Street Journal, The

Investors started questioning credit ratings of other debt-ridden nations after Standard & Poor's downgraded the US rating, causing credit default swaps on France's debt to surge. "The US downgrade should also make markets wary about the weaker AAA countries, of which France is undoubtedly one," said RBC Capital Markets strategists.

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Wall Street Journal, The

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