France kept its Aa3 rating, but Moody’s left a negative outlook as yields and political risk rose.
Moody’s maintained France’s credit rating at Aa3, a level it calls high grade.
It kept the outlook negative, citing risk that political fragmentation could impair legislative institutions.
France’s 10-year bond yield surpassed 5% for the first time since 2002.
The deficit is roughly 5.5% of GDP, above the EU’s 3% limit, with more than $1 trillion of debt maturing by 2030.
💬 Can political fragmentation make debt problems harder to fix?
Source: The New York Times, CNBC
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