Revealed: The managers who called S&P's downgrade of France

The decision by Standard and Poor's to strip France of its prized AAA-rating came as no surprise to a number of fund managers.

Investment Week looks back at which fund managers correctly predicted the downgrade. Jim Leaviss - ‘the AAA economy closest to a downgrade" M&G's Jim Leaviss, head of retail fixed interest, said in December 2010 France's credit rating was set to come under pressure over the next couple of years. He also predicted the downgrade of the US' AAA-status six months before it happened. "France remains the AAA economy closest to a downgrade and the US will lose its AAA-rating - but not in 2011," said Leaviss. "Economic growth at these types of levels will not make the inroads into im...