Financial outlook has darkened after Moody’s Ratings downgraded its credit rating from Aa2 to Aa3, following a similar move by S&P earlier this year. Economists warn that political fragmentation and growing debt levels, projected to hit 120 percent of GDP by 2027, could lead to a prolonged financial crisis.
Financial outlook has darkened after Moody’s Ratings downgraded its credit rating from Aa2 to Aa3, following a similar move by S&P earlier this year. Economists warn that political fragmentation and growing debt levels, projected to hit 120 percent of GDP by 2027, could lead to a prolonged financial crisis.
Moody's Downgrades France Rating Due to Deteriorating Finances, Political Turmoil
Credit rating agency Moody's has downgraded France's rating, citing a weak financial outlook amid political turmoil gripping Europe's second-biggest economy....
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