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France Gets Another Debt Warning as Scope Downgrades
- Scope says worsening finances, political outlook warrant cut
- Rating firm cuts France to AA- from AA; outlook stable
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France was downgraded by Scope Ratings in another warning on the state of the country’s finances and the political impediments to containing a ballooning budget deficit.
The Europe-based credit rating firm cut France to AA- from AA, with a stable outlook, bringing it to the same notch as Belgium and the Czech Republic, three levels below a top rating.