France's election outcome 'negative' for credit rating, says Moody's

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France's election outcome 'negative' for credit rating, says Moody's - Business Standard

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France is facing complex negotiations to form a government after a left-wing surge in elections on Sunday blocked Marine Le Pen's quest to bring the far right to power.

France's spending trajectory means its general government deficit is not likely to drop below 4% of GDP until 2027, by which point its near 110% debt-to-GDP ratio will have ballooned a few more percentage points.