Moody's cuts France's rating to 'Aa3' on waning public finances

(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)