PARIS Nov 10 French Finance Minister
Francois Baroin on Thursday demanded an inquiry by France's AMF
securities regulator and the
European Securities and Markets Authority into an erroneous
message sent by ratings agency Standard & Poor's suggesting
France's credit rating had been changed.
"Francois Baroin...has asked the relevant regulators (the
European financial markets authority and the Financial Markets
Authority) to conduct an inquiry into the causes and possible
consequences of this error," the ministry said in a statement.
S&P said that as a result of a technical error a message was
automatically disseminated to some of its subscribers suggesting
that France's credit rating had been changed. It clarified that
France's rating remained 'AAA/A-1+' with a stable outlook, and
the incident was not related to any ratings surveillance