CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cac 40 flat as Fitch maintains AAA rating but downgrades outlook

Article By: ,  Financial Analyst

The Cac 40 is flat in trading this morning (December 14th) after leading credit ratings agency Fitch maintained France's AAA grade, but revised down its outlook to negative, indicating matters could worsen for the nation in the near future.

Rival organisations Standard & Poor's and Moody's have already taken the country down a notch.

Moody's downgraded France last month, with this being played down by the French finance minister Pierre Moscovici, while Standard & Poor's cut its credit rating in January

A credit rating downgrade means the nation is considered as a greater risk to lenders, which indicates the cost of borrowing from international investors may rise.

In the eurozone, only top economy Germany has maintained its AAA rating with all three major agencies, while outside in the wider European Union region, the UK has also kept its top grade.

At 09:55 GMY, the French Cac 40 was stable, making very slight gains to an index value of 3644 points.

Find spread betting strategies for the Cac 40 at Finspreads.

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