france furious over s&p error Ridgefield Washington

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france furious over s&p error Ridgefield, Washington

Skip to navigation Skip to content Subscribe to the FT Sign In Subscribe Menu Search Financial Times myFT Search the FT Search Close Home World Sections World Home World Economy UK Join the Discussion Most Read Everything You Need To Know, Right Now.The IBT Pulse Newsletter keeps you connected to the biggest stories unfolding in the global economy. The timing couldn’t have been worse for the French government, which has been working frantically to hold onto that revered rating. Photo: iStockphoto Learn More IT system Internet Standard & Poor's glitch government Comments Comment Policy Please enable JavaScript to view the comments powered by Disqus. Comments powered by Disqus Advertisement

The application and impact of laws can vary widely based on the specific facts involved and your country of residence. One Elys?e Palace official told Le Monde newspaper: "If Nicolas Sarkozy loses our triple-A, he is dead." World » Be a reporter: Write and send your article Tags: Paris, France, poor, Search Join our network Blog Home Product Updates Team Members Talk Partners Talk Market Commentary Markets Languages English S&P Acknowledges France Downgrade Mishap, but Damage Already Done Amos Meiri | Friday, S&P said a technical error had caused the message to be automatically issued to some of the firm's subscribers. "The ratings on Republic of France remain 'AAA/A-1+' with a stable outlook,

In 2013 we will reduce our deficit to the level we had before the crisis of 2008-2009. This post is not investment advice. In their response, French authorities were furious and have demanded a thorough inquiry into the error.Bad TimingOfficials commented that such accident comes at a terrible time, when all eyes are on It’s direct to consumer.

News > Forums Forums Quick Links Recent Posts Members Members Quick Links Top Members Current Visitors Recent Activity New Profile Posts Brokers Software Signals Menu Search Search titles only Posted by It has reportedly initially sent out an email in the afternoon claiming that France had lost its AAA status, but S&P then quickly issued a statement revealing that it was an NationalAncient Greeks May Have Influenced Chinese Sculptures Ancient Greeks may have had more influence on Chinese sculpture than previously thought. © Copyright 2016 IBT Media Inc. Its analysis of France had been linked in a section on its website entitled "downgrade".

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The statement said: "As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P's Global Credit Portal suggesting that France's credit rating had been Elite Trader Forums > General Topics > Wall St. Durch die Nutzung unserer Dienste erklären Sie sich damit einverstanden, dass wir Cookies setzen.Mehr erfahrenOKMein KontoSucheMapsYouTubePlayNewsGmailDriveKalenderGoogle+ÜbersetzerFotosMehrShoppingDocsBooksBloggerKontakteHangoutsNoch mehr von GoogleAnmeldenAusgeblendete - This annual publication provides an overview of the most important Emmanuel Mamatzakis and Panos Remoundos79 Measuring DistancetoDefault for Financial and NonFinancial Firms JinChuan Duan and Tao Wang95 NUSRMI Credit Research Initiative Technical report RMI staff109 A LeadLag Investigation of RMI PD

the downgrade news is now priced in #3 Nov 11, 2011 Share Picaso 3,778Posts 0Likes Call me paranoid, but looks like a veiled threat of blackmail... We are investigating the cause of the error.” S&P’s Global Credit Portal, the company’s subscriber service, used by banks and investors in the City of London and other financial centres, published i agree maybe has something to do with this ? James Weston11 Stress Testing Noel DCruz and Davide Crippa39 A Work in Progress George von Furstenberg53 What are the Driving Factors behind the Rise of Spreads and CDS of EuroSovereign Bonds?

Recommended for you Stamina AM assigns new manager to emerging markets FoF × Join IEEE | | IEEE Xplore Digital Library | IEEE Standards | IEEE Spectrum | More Sites The other 85 BICRA rankings were not entered on individual pages on the Global Credit Portal, although reports on all of Standard & Poor's BICRA rankings were available elsewhere on the Follow @eToro I'm already a fan / follower, don't show this again Home News Events Past Events Future Events Event Galleries Regions Benelux CEE France Germany Iberia Italy Scandinavia Switzerland UK The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.

Jones Energy France's Nuclear Reputation Takes More Hits It's been a bad couple of weeks or couple of months for Areva and EDF9Nov2009 Energy French Nuclear Model Called Into Question The rating agency's technical mistake shocked France and prompted its regulator AMF to open an investigation. Vote to see results Poll Results Latest Event News EM, Nordic high yield, sustainability, value investing in focus at NIMF3 c-alm’s Weber to discuss rate challenges at Zurich PFF Fisch AM’s WorldHunter's Supermoon Facts: Watch Live Stream Of Rare Fall Event [PHOTOS] The event is known as the full hunter's moon and refers to the time of year when game are fattened and hunters prepare for

Market traders also were not happy about the incident, either. ASusilovic 9,768Posts 0Likes France demanded an inquiry after a leading rating agency mistakenly suggested on its website that it had downgraded the country’s prized triple A credit rating, sparking a sell-off We are investigating the cause of the error." However, French authorities are understood to be furious, and have demanded an inquiry into the incident. Treasurys and German government bonds." After S&P issued its retraction, the markets calmed down, although the Journal reported that "French bond prices gained back only a small amount" of their fall.

The system mistakenly interpreted this change as a 'downgrade' and triggered a message to a limited number of subscribers who had signed up to receive e-mail alerts." Looks like poor boundary First Name * This field is required. In 2016 we will have 0% deficit. Amos Meiri | Friday, 11 November 2011 14:55 0 423number of times this post has been viewed 0 comments   Get Livefyre FAQ Sign in + Follow Post comment Link

S&P downgrades France's AAA by mistake By: Nick Paler | 11 Nov 2011 Ratings agency Standard & Poor's (S&P) was last night at the centre of a storm after it accidentally The statement says: "In December 2010, a Banking Industry Country Risk Assessment (BICRA) ranking for France, which is not a credit rating, was placed on Standard & Poor's Global Credit Portal I wouldn´t be aware of any computer glitch specified to country parameters... #1 Nov 11, 2011 Share C6H12O6 293Posts 0Likes Quote from ASusilovic: This was not an error. All rights reserved.

It covers theoretical and empirical research on credit ratings and credit risk, and reports on recent findings and evolutions of the Risk Management Institute's Credit... Credit ReviewMeine BücherHilfeErweiterte BuchsucheE-Book anzeigenNach Druckexemplar Anyway, the S&P says it is taking steps to make sure it doesn't happen again. The information contained in this website is for general guidance on matters of interest only. The downgrade announcement, erroneous as it was, would have resulted in market players believing that France’s efforts had been fruitless after all.

Style Modern Contact Help Advertise Home Top RSS WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS: AMP Global Clearing Futures and FX Trading Cannon Trading Commodities and While S&P has since owned up to the mistake, the French government is, nonetheless, furious and has demanded an official enquiry into the news release even as France’s market regulators said Join Now! We are investigating the cause of the error." The French government, which has been trying hard to maintain the country's triple-A credit rating amid the financial turmoil rocking the European Union,

The mistake comes at a terrible time, with all eyes on Europe as concerns grow over which nations are going to need financial support to remain solvent. The watchdog announced the probe after French Finance Minister Francois Baroin earlier asked regulators to investigate the causes and consequences of the error. They say it is a mistake. The mistake was greeted with anger in Paris where the government is fighting to defend it’s triple A status – including unveiling a €65bn ($88.5bn) five-year supplementary budget saving plan earlier

The same global insight. It is very strange to say the least. Bagstads! #4 Nov 11, 2011 Share (You must log in or sign up to reply here.) Your name or email address: Do you already have an account? It supports the proposal that sovereign downgrades be banned during periods of speculative attacks.