International rating agency Moody's has confirmed that, unlike Standard & Poor's, it will not downgrade France's credit rating, keeping it at the top level – AAA. At the same time, Moody's said that revision of the French rating is possible if the government debt reports a disproportionate increase or the eurozone crisis escalates even more, reports BBC. In response to S & P's move, French President Nicolas Sarkozy promised to carry out financial reforms and do everything possible for the state to recover AAA rating as soon as possible. Last week S & P downgraded ratings of nine euro area countries, including France, Austria, Italy, Spain and Portugal. Germany's top rating – AAA – was not revised. Neither was the low Greek CC rating touched. By contrast, Europe's second largest – the French economy – lost its highest possible rating. It was downgraded to AA +, with a negative outlook. Ref: 102.105.105.816