France’s Debt Quality Examined: Moody’s Maintains ‘Aa2’ Rating with Stable Outlook

2023-10-20 22:14:13

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The agency previously gave France the same rating, with a stable outlook.

Published on 10/21/2023 00:14

Reading time: 1 min Moody’s examines, on October 20, 2023, the quality of France’s debt. (JOAO LUIZ BULCAO / HANS LUCAS / AFP)

Six months after the downgrading of France’s rating by the Fitch rating agency, the Moody’s rating agency, responsible for evaluating France’s debt, maintains its “Aa2” rating, one of the best possible, noted franceinfo, Friday October 20, on the Moody’s website. This rating is maintained with “a stable outlook”comments the agency.

This information caused Bruno Le Maire to react in a message sent to the press. For the Minister of the Economy, “Moody’s decision to maintain France’s rating demonstrates the credibility of the French sovereign signature. It reinforces our desire to continue France’s debt reduction and to respect the trajectory defined by the President of the Republic, and materialized by the public finance programming law. My determination to restore public finances is total.”

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