Moody’s downgrades France to Aa2 from Aa1; stable outlook

By FXStreet FXStreet (Córdoba) – Moody’s has downgraded France by one notch to Aa2 from Aa1 on Friday. The outlook on the ratings is stable.

According to Moody’s thekey drivers of today’s action are:

1. The continuing weakness in France’s medium-term growth outlook, which Moody’s expects will extend through the remainder of this decade; and

2. The challenges that low growth, coupled with institutional and political constraints, poses for the material reduction in the government’s high debt burden over the remainder of this decade.
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Source:: FX Street