Moody’s cuts France outlook, opening door to credit downgrade

Moody’s cuts France outlook, opening door to credit downgrade …C0NTINUE READING HERE >>>

French Finance Minister Antoine Armand says his country is able to carry out ‘far-reaching reforms’.
Photo: Mandel NGAN / AFP/File
Source: AFP

Ratings agency Moody’s downgraded France’s outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country’s finances.

The shift reflects “increasing risk that France’s government will be unlikely to implement measures that would prevent sustained wider-than-expected budget deficits and a deterioration in debt affordability,” said Moody’s.

It changed France’s outlook from “stable” to “negative.”

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