S&P to cut France, Austria credit rating by one notch each

Fri Jan 13, 2012 10:53am EST
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LONDON (Reuters) - Standard & Poor's is set to downgrade the credit ratings of France and Austria by one notch each, the Financial Times reported on Friday, citing an unnamed official.

It said the triple-A, top-notch ratings of Germany, The Netherlands, Finland and Luxembourg would remain in place.

France and Austria would be set at AA-plus, the next rung down, the report said.

(Reporting by Jeremy Gaunt)