Insiders are now saying that Standard & Poor’s is set to strip France of its triple-A rating, knocking it down one spot to AA+.
Sources had already warnedearlier today that S&P was poised to make waves in the EuroZone, but nowFrench news agency Agence France Presse is citing anonymous government insiders who say that the ratings agency has already informed the French government of its decision. Insiders have also said that Austria was on the chopping block, but Germany and the Netherlands could escape a downgrade.
Senior European and French officials have declined to comment on the situation, as has S&P.
Any downgrades would of course add fuel to the ongoing sovereign-debt crisis on the Continent.
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