Moody's downgraded France's outlook to negative, citing budget deficit and debt concerns.

Moody's downgraded France's outlook to negative, raising concerns about its ability to manage budget deficits and debt affordability. While maintaining France's credit rating at Aa2 due to its strong economy, Moody's highlighted risks stemming from political challenges in implementing fiscal reforms. Finance Minister Antoine Armand emphasized the need for credible progress on the deficit, which the IMF projects will remain at 6.0% through 2029.

October 25, 2024
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