Bond markets had been pricing in a downgrade, which would have brought Moody's rating in line with Standard & Poor's and Fitch. (AFP pic)PARIS: Moody's spared France a credit rating downgrade on Friday, easing pressure on a government struggling to contain social unrest and shore up its strained finances.
Moody's said it had concluded a periodic review of its rating, leaving it at Aa3, which has carried a negative outlook since last October.
Bond markets had been pricing in a downgrade, which would have brought Moody's in line with Standard & Poor's and Fitch, which moved earlier as France struggled to rein in its public finances after a 2024 snap election produced a hung parliament and political paralysis.
