By Marcus Leach
Standard & Poor's (S&P) have confirmed that they accidentally released a message to certain subscribers informing them that they had downgraded French debt from its top AAA rating.
However, S&P were quick to stress that this was a mistake and that France still had their AAA rating, as well as confirming they will investigate how this happened.
Further to that the French market regulator AMF said it was also investigating how the error could have happened.
"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 changed," S&P said in a statement.
"This is not the case: the ratings on Republic of France remain 'AAA/A-1+' with a stable outlook and this incident is not related to any ratings surveillance activity. We are investigating the cause of the error."
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