Moody's leaves France's sovereign rating unchanged against expectations of a downgrade
The credit rating agency kept France's sovereign debt rating where it was, although many economists had expected a cut.
AI illustrationMoody's has left France's sovereign debt rating unchanged, news organisations reported, going against the expectations of many economists who had forecast a downgrade.
The rating reportedly stays at Aa3, and the decision was reportedly made on Friday. According to reports, the move sets the American agency apart from S&P and Fitch, whose assessments of French creditworthiness are harsher.
Economists reportedly described the decision as only short-lived relief for France. They were reported to warn of a debt time bomb and of political and social tensions that are getting worse.