The rating agency Moody’s announced that it was downgrading France’s sovereign rating by one notch to Aa3 with a stable outlook overnight from Friday to Saturday, the same day of the appointment of new Prime Minister François Bayrou.
Moody’s, which had already matched the French Aa2 rating from a negative perspective in October, had warned as soon as the vote of the censorship of the previous government of Michel Barnieron December 4, that this event could have an impact “ negative » for France’s sovereign rating.
This is the second time this year that one of the three major rating agencies has lowered France’s credit rating, after S&P Global Ratings in May.
(More information to come…)