France is downgraded to AA+ by Fitch which joins S&P and Moody's in removing the country's...

|By:, SA News Editor

France is downgraded to AA+ by Fitch which joins S&P and Moody's in removing the country's AAA rating. "Risks to the agency's fiscal projections lie mainly to the downside, owing to the uncertain growth outlook and the ongoing eurozone crisis." There's a bit of activity, but equities and the euro (FXE) are mostly snoozing through the news. French equity ETF (EWQ -1.1%) remains about where it opened the session.