France Loses Top Rating at Moody’s in Blow to Hollande

Posted by Forexsq 651 days ago (http://www.bloomberg.com)
img France lost its top credit rating at Moody’s Investors Service, which also maintained a negative outlook for Europe’s second-largest economy, citing what it called a worsening growth outlook.

France was cut to Aa1 from Aaa, the rating company said yesterday. The Moody’s downgrade follows one by Standard & Poor’s in January and increases pressure on President Francois Hollande to find ways to bolster growth.

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