France's government deficit and bank exposure to PIIGS debt leave it susceptible to a ratings...

|By:, SA News Editor

France's government deficit and bank exposure to PIIGS debt leave it susceptible to a ratings downgrade. CDS on French debt now trade at a record 105 basis points. For comparison, Czech and Chilean sovereign CDS trade around 90. The euro falls to a record low €1.2680 against the swisse.