Moody’s Downgrades France’s Credit Rating to Aa3
Moody's Investors Service has downgraded France's sovereign credit rating to Aa3, highlighting growing concerns about the nation’s economic outlook and fiscal health. The move reflects Moody’s assessment of France’s challenges in managing its high debt levels alongside slower-than-expected economic growth prospects.
France, the eurozone’s second-largest economy, has been grappling with rising public debt amid increased spending to address inflationary pressures and the energy crisis. While the government has pledged fiscal reforms and spending cuts, Moody’s remains cautious about the effectiveness of these measures in stabilizing the country's financial trajectory.