By: Benzinga
Moody's Downgrades France to Aa1, Maintains Negative Outlook
Moody's Monday downgraded the credit rating of French sovereign debt to Aa1 from AAA, or one notch, citing a worsened economic outlook with increased exposure to peripheral nations through trade and banking and rising debt-to-GDP levels. France was also kept on negative watch, meaning further downgrades from Moody's could follow
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