France lost its top credit rating at Moodyâ€™s Investors Service, which also maintained a negative outlook for Europeâ€™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 Moodyâ€™s downgrade follows one by Standard & Poorâ€™s in January and increases pressure on President Francois Hollande to find ways to bolster growth.
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