Moody's keeps France's credit rating unchanged, with a warning
Moody's left France's credit rating where it was, though the New York Times says the decision came with a warning about the country's worsening debt situation.
Moody's did not downgrade France's credit rating. The agency held it steady, The New York Times reports, despite political uncertainty and rising borrowing costs that have worsened the country's debt situation.
A downgrade had been widely expected, France 24 reported earlier in the day. It said worries about public finances had pushed France's 10-year government bond yield above 5%, the first time since 2002. A higher yield means higher borrowing costs for the government.
France 24 also linked the debt concerns to cost of living protests in the country. The Times describes the Moody's decision as carrying a warning but, in the material provided, does not say what the warning contains.
Reported by
- France 24France awaits Moody's verdict: Downgrade widely expected as debt fears growFri, Oct 23, 9:10 AM EDT
- The New York TimesFrance’s Avoids a Debt Downgrade From Moody’s, but Is Given a WarningFri, Oct 23, 6:51 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.