Moody's Downgrades France's Credit Rating

This is a France news story, published by CNBC, that relates primarily to Francois Bayrou's news.

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Credit rating agency Moody

CNBC

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France's new prime minister gets a baptism of fire after surprise Moody's downgrade

Summary

Nutrition label

83% Informative

Moody's downgrades France 's credit rating to "Aa3" from Aa2, citing concerns over "political fragmentation" France 's CAC 40 down 0.7% Monday morning .

Moody's said divisions would harm attempts to fix France 's budget deficit and debt.

Analysts say Francois Bayrou's longstanding position in French politics could help when it comes to renewed attempts to get lawmakers to agree to a 2025 budget, although it's unclear how he will do this.

Eurasia Group said its base case scenario is that Bayrou has a narrow window of opportunity — a 60% probability — to enact a 2025 budget in the first few months of 2025 . This would be based on the Barnier budget but amended to appeal to the moderate left, the consultancy said..

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful