No 'Immediate Ratings Risk' in France: Strategist

"We think there's a big difference in the current situation in France than that which caused the downgrade in the U.S.," Mark Schofield, global head of interest rate strategy at Citi, told CNBC. "We don't think there's an immediate ratings risk, and I think any further ratings action will be dependent on the broader macroeconomic background and require further growth slowdown," he added.

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