Spread the love

Moody's, one of the three largest rating agencies, downgrades France's rating

La notation détermine les taux auxquels la France peut emprunter auprès des marchés. MAXPPP – Bruno Levesque

200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000

Moody's downgrades France's sovereign rating. This rating now stands at Aa3 “with a stable outlook”. The resigning Minister of Economy and Finance, Antoine Armand, said he “took note” of this decision.

Moody’s has downgraded its Aa2 rating, which had a “negative outlook” indicating a likely downgrade in the more or less short term, to Aa3, with a stable outlook.

https://twitter.com/antoine_armand/status/1867715605107028453?ref_src=twsrc%5Etfw

The agency, which had previously ranked France slightly above its competitors, has joined them: S & P rates France AA- with a stable outlook, and Fitch AA- with a negative outlook. However, the whole still reflects a good, even high, credit quality. The agency has repeatedly expressed concern about the political uncertainty that has gripped France since the dissolution of the National Assembly announced on June 9 by President Emmanuel Macron.

For Moody’s, 12 countries still have their triple A, the best rating (Germany, United States, Australia, Canada, Switzerland, Denmark, Luxembourg, Netherlands, Norway, New Zealand, Sweden, Singapore), but France is not one of them.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116