Fitch affirms France's AAA rating, but revises the outlook to negative. "The affirmation . is...

|By:, SA News Editor
Fitch affirms France's AAA rating, but revises the outlook to negative. "The affirmation ... is underpinned by its wealthy and diversified economy. ... its financing flexibility reflecting its status as a large benchmark euro area sovereign issuer." The negative outlook is all about "contingent liabilities," i.e. if French bank liabilities become French state liabilities.