Moody's maintains France's credit rating at Aa3 with negative outlook
- 1Moody's maintained France's credit rating at Aa3 and kept its outlook negative.
- 2France's current deficit-to-GDP ratio is approximately 5.5%, exceeding the EU member state limit of 3%.
- 3Over 500,000 people marched last weekend to express dissatisfaction with declining public services and high living costs.
So what's the key point?
Moody's kept France's credit rating the same but warned that it could worsen in the future. The country's deficit is above the 3 percent limit and public dissatisfaction is growing, so investors should be careful.
Source CNBC · View original ↗
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