France Rating Outlook Cut to Negative by Moody’s on Deficit Woes
- 2025 deficit goal unlikely to be hit due to size of challenge
- Finance minister says he’s taking steps to repair finances
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France’s credit rating was put on a negative outlook by Moody’s Ratings in the third warning in the space of two weeks over the deterioration of public finances and the political challenges in containing containing swollen budget deficits.
Moody’s put the negative outlook on its Aa2 assessment, a rating France shares with South Korea and United Arab Emirates, two levels below the maximum rating.