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France’s Top Rating Affirmed by Standard & Poor’s, Moody’s

France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as relative yields on the nation’s debt climb on concern that Europe’s sovereign debt crisis is intensifying.

The outlook on France is stable and its AAA ranking is “warranted,” Moritz Kraemer, S&P’s managing director of European sovereign ratings, said today in a Bloomberg television interview. Francesco Meucci, a spokesman for Moody’s, said in a telephone interview the country’s Aaa grade is “stable.” Fitch spokesman Brian Bertsch said France is rated AAA with a stable outlook as per its May 31 statement.