International ratings agency Moody's says France will keep its triple A rating but has kept the country’s outlook ‘negative’ while it closely watches the policies of President François Hollande who says he wants to put growth above austerity. “Given the uncertainties linked to the crisis in the eurozone during the second half of the year and in particular after the upcoming legislative elections, Moody’s expects the current government to give a clearer picture of it policies,” the agency said. Moody’s says France will lose its triple A rating if it does not put into place budgetary and economic measures to reduce its debt and stressed that among countries currently with a triple A rating, France is the most fragile. Dossier: Eurozone in crisis The agency also said the French rating would be reduced if the financial situation in the eurozone becomes worse or the government had to intervene to bail-out the French banks. Meanwhile, other agencies have maintained France’s current rating. Standard & Poor’s which reduced the French rating to AA+ in January said Hollande’s election had not had an immediate impact while Fitch has already said it will not change the triple A rating before 2013.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor