Paris, Dec 14, 2024 (AFP) - Moody's downgrades France credit rating to Aa3

NAMPA / AFP

2024-12-14

Ratings agency Moody's downgraded France's credit rating Saturday to Aa3 with a stable outlook, following months of political crisis and the appointment of centrist Francois Bayrou as prime minister. Moody's cited France's "political fragmentation" in its decision, which comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget. "The decision to downgrade France's rati......

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