By: Benzinga
November 19, 2012 at 17:22 PM EST
Moody's Downgrades France to Aa1 from Aaa
The euro traded lower against other major currencies on Monday, after credit rating agency Moody's downgraded France's sovereign credit rating from Aaa to Aa1. In the report, Moody's said France's fiscal outlook was uncertain, and that the country's labor, goods and service markets were rigid. Moody's added that France's resilience to
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