Moody's Holds France's Credit Rating Steady, Warns Political Fragmentation Poses Risk
Rating agency keeps Aa3 grade with negative outlook as protests and surging bond yields rattle markets
Moody's has maintained France's credit rating at Aa3 but warned that the country's deepening political fragmentation and social unrest could further impair its ability to tackle a widening fiscal deficit and rising debt burden, as the nation's borrowing costs hit levels not seen in decades.