Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: March 1, 2026
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Moody's has downgraded France's credit rating to Aa3, citing weaker public finances and political fragmentation affecting fiscal policies.
(Reuters) - Credit ratings agency Moody's cut France's credit rating to "Aa3" from "Aa2" on Friday, over expectations that the country's public finances will be significantly weaker in the coming years.
"In a highly politically fragmented environment, there is now very low probability that the next government will sustainably reduce the size of fiscal deficits beyond next year, Moody's said, while changing the sovereign's outlook to stable from negative.
(Reporting by Raechel Thankam Job; Editing by Alan Barona)
The article discusses Moody's downgrade of France's credit rating to Aa3 due to expected weaker public finances and political challenges.
Moody's downgraded France due to expectations of significantly weaker public finances and low probability of reducing fiscal deficits.
Moody's has changed France's sovereign outlook to stable from negative.
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