Moody's strips France of triple-A rating, down to Aa1
Published on Nov 20, 2012 6:34 AM
(REUTERS) - Moody's Investors Service downgraded France's sovereign rating by one notch to Aa1 from triple-A, the agency said on Monday, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects".
Moody's said it is maintaining a negative outlook on the country due to structural challenges and a "sustained loss of competitiveness" in the country.
Standard & Poor's has a AA+ rating on France, which it downgraded by one notch in January from AAA.