Moody's strips France of their AAA rating
Ratings agency Moody's has downgraded France's government bond rating by one notch from Aaa to Aa1. "France's long-term economic growth outlook is negatively affected by multiple structural challenges, including its gradual, sustained loss of competitiveness and the long-standing rigidities of its labour, goods and service markets,"
Moody's announced in a press release. France was stripped of its AAA rating by Moody’s rival Standard & Poor’s in January.
November 23, 2012
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
