Moody's Strips France of Triple-A Rating, Downgrades One Notch

Moody's Strips France of Triple-A Rating, Downgrades One Notch

(Reuters) – Moody’s Investors Service downgraded France’s sovereign rating by one notch to Aa1 from triple-A, the agency said on Monday, citing the country’s uncertain fiscal outlook as a result of “deteriorating economic prospects.”

Moody’s said it is maintaining a negative outlook on the country due to structural challenges and a “sustained loss of competitiveness” in the country.

Standard & Poor’s has a AA-plus rating and negative outlook on France, which it downgraded by one notch in January from AAA. Fitch Ratings has France at AAA, also with a negative outlook.

Read the full story at Reuters.com.

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