Reported about 17 hours ago
Moody's has downgraded France's credit rating from Aa2 to Aa3 following political instability triggered by far-right leader Marine Le Pen's interference in the government's deficit reduction plans. The downgrade reflects concerns about the weakening of public finances and a low likelihood of sustainable fiscal improvements in the future. This change comes after President Macron's fourth prime minister appointment within a year and amidst growing uncertainty over the budget and economic outlook.
Source: YAHOO