France Dodges Moody's Downgrade — Markets Skeptical
Moody's kept France at Aa3 with a negative outlook rather than cutting, surprising most analysts. ZeroHedge called it 'compromised' and noted the decision leaked early.
What we know
Moody's completed its France review and took no action, maintaining Aa3 with a negative outlook — an account on X reacted with 'LOL' (388 likes, 57k views). French defense minister Lecornu said it 'defies pessimistic forecasts.' ZeroHedge went further, saying 'Not only is Moody's fully compromised, this farce also leaked early'. Another account on X noted Fitch and S&P already have France at A+ and that the fiscal backdrop — including 10-year yield pressure — remains ugly.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.