Talk about priced in - CDS prices on French sovereign debt have long since given up France's AAA...

|By:, SA News Editor

Talk about priced in - CDS prices on French sovereign debt have long since given up France's AAA rating. It now costs more to insure against a French default, than it does for junk-rated Indonesia and the Philippines, not to mention BBB- rated Brazil, Colombia, Mexico, Panama, and Thailand.