Standard & Poor's Ratings Services has notified the French government of its decision to downgrade the country's credit rating, a senior French government official said Friday, a move that marks the long-awaited blow to France's international standing and knocks the country out of the top financial league of the euro zone. S&P has informed the French government that the country's cherished triple-A rating will be lowered one notch to double-A-plus. S&P has also notified other European governments of looming ratings downgrades, according to people familiar with the matter. [WSJ]
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How'd you like another downgrade?