Latest update: 19/01/2012
Jan Randolph, director of Sovereign Risk, IHS Global Insight
France has successfully sold 8.59 billion euros in short-term bonds, paying a lower rate of interest than at a previous similar auction. This comes despite the loss of its triple-A credit rating last Friday. Jan Randolph gives us his insight into Standard & Poor’s ratings downgrades and the seemingly paradoxical market reaction.