S&P announced that they had resolved the CreditWatch negative reflecting a potential downgrade of France, but kept the AAA rating of DMA on CreditWatch negative to perform an additional review. S&P will update its analysis of the credit and liquidity risks, and will assess the potential impact on overcollateral needs of DMA of maintaining the hedging swaps with Dexia Credit Local whose short-term rating has been recently downgraded to A2.
