Moody’s hands France a surprise downgrade

Quick Summary:

PARIS: Credit ratings agency Moody’s Ratings has unexpectedly downgraded France’s rating, adding pressure on the country’s new prime minister to corral divided lawmakers into backing his efforts to rein in the strained public finances.

But left-wing and far-right lawmakers were opposed to the belt-tightening drive and voted a no confidence measure against Barnier’s government, bringing it down.

The political crisis put French stocks and debt under pressure, pushing the risk premium on French government bonds to their highest level over 12 years.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaFrance

Topics: Francois Bayrou /Business/Business News Emmanuel Macron

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24422327

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 22 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 28 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions