Steinbrueck Sees Hollande Proposals Affecting Credit, Bild Says

Former German Finance Minister Peer Steinbrueck said French President Francois Hollande’s proposals may have an impact on the country’s credit rating, Bild newspaper reported, citing an interview to be published tomorrow.

“Investors and rating companies will naturally take a close look at the course France sets,” Bild quoted Steinbrueck as saying in response to a question about French proposals to lower the retirement age and tax top earners at a higher rate. “That can have consequences for France’s credit rating.”