Moody’s warned France on Monday that a sustained rise in its debt yields coupled with weakening economic growth could harm its ratings outlook, fuelling concern the euro zone’s second largest economy might lose its AAA status.
Worries about a high fiscal deficit and banks’ exposure to other troubled European sovereign debt have drawn France into the firing line of the bloc’s crisis, despite the government’s insistence it would do everything necessary to protect its top rating.
via Moody’s: France’s rating outlook at risk – Business – Stocks & economy – msnbc.com.
