BREAKING NEWS

BREAKING NEWS

France is stripped of its prized triple AAA rating

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France is stripped of its prized triple AAA rating

France is stripped of its prized triple AAA rating
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The credit ratings agency Moody’s has stripped France of its prized triple A rating, cutting it by one notch to AA1. The agency said an uncertain fiscal outlook and a deteriorating economy were behind the decision for the downgrade in Europe’s second biggest economy. It follows a cut by Standard and Poors in January.