Moody's downgrades France credit rating to Aa3
- Posted on December 14, 2024
- By Business News Today
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Moody's downgrades France credit rating to Aa3
Moody's downgraded France's credit rating to Aa3 due to political instability. The agency cited "political fragmentation" after parliament ousted Prime Minister Barnier over an austerity budget. Newly appointed Prime Minister Bayrou faces challenges forming a stable government and addressing large fiscal deficits.
