moody's has downgraded France's credit rating outlook from stable to negative
Moody's has adjusted France's outlook from stable to negative, confirming the 'AA2' rating. Moody's states that the adjustment in France's outlook reflects the government's unlikely actions to prevent the risk of budget deficits persistently exceeding expectations, with France's budget management weaker than previously assessed, and the deterioration of the country's fiscal position exceeding expectations.
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