Moody's Investor Service yesterday downgraded Aerospatiale SRI's short-term debt rating for commercial paper to reflect the decline of the French government's ownership in and implied support of the company. Implied government support for Aerospatiale had been a key factor supporting Moody's previous Prime-1 rating, which now falls to Prime-2. France completed the consolidation of its aerospace and defense industry with the partial privatization of Aerospatiale and its merger with ...

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