From BigGo Finance · BigGo Finance · · 40s
Moody's France Rating Stays Aa3
Moody's keeps France's credit rating steady but warns of ongoing fiscal risks.
In brief
Moody's keeps France's credit rating steady but warns of ongoing fiscal risks. Moody's affirmed France's sovereign rating at Aa3 with negative outlook as borrowing costs ease slightly. Originally reported by BigGo Finance.
Moody's Rating Decision
Moody's affirmed France's sovereign rating at Aa3 with negative outlook on October 23.
Market Reaction
France-Germany 10-year bond spread widened to 178 basis points as yield rose to 5.14%.
Key Factors
Diversified economy and sound institutions support rating but political instability hinders fiscal consolidation.
Next Steps
France must pass budget plan to reduce deficit for rating to remain stable.
The essence
Moody's affirmed France's sovereign rating at Aa3 with negative outlook as borrowing costs ease slightly.
