France faces credit downgrade as Moody's readies verdict on €3.2 trillion debt
Oct 22 2024
6 mins
Earlier this month, U.S. credit rating agency Fitch upheld its AA- rating for French debt, but shifted the outlook from "stable" to "negative." On 25 October, Moody’s is set to deliver its assessment. If France’s budget plans falter, the country risks a credit rating downgrade, which would drive up borrowing costs and further inflate the national debt, which currently stands at