Moody’s downgrades France’s ratings to Aa3, changes outlook to stable
Moody’s Ratings has downgraded the France’s domestic- and foreign-currency long-term issuer and domestic-currency senior unsecured ratings to Aa3 from Aa2, and changed the outlook to stable.
It feels the nations’ public finances will be substantially weakened over the coming years.
There is low scope that the new government will sustainably reduce the size of fiscal deficits beyond 2025, it said.
Moody’s Ratings has downgraded the France’s domestic- and foreign-currency long-term issuer and domestic-currency senior unsecured ratings to Aa3 from Aa2, and changed the outlook to stable.
It feels the nations’ public finances will be substantially weakened over the coming years.
There is low scope that the new government will sustainably reduce the size of fiscal deficits beyond 2025, it said.
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