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S&P boost for France Télécom

S&P has upgraded France Télécom from BBB- to BBB in response to its €15 billion rights issue and improved operational performance. There has been limited price movement on the name, with most of the volatility occurring within a 20bp range. Strong technicals are squeezing the market, leaving little room for selling beyond some profit taking. But the general trend for the name is positive, in

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