【环球财经】穆迪维持法国“Aa3”信用评级不变 但下调展望至负面

Core Viewpoint - Moody's has maintained France's sovereign credit rating at "Aa3" but has downgraded the outlook from "stable" to "negative," contrasting with Fitch and S&P, which both lowered France's rating to "A+" [1] Group 1: Rating Changes - Moody's decision reflects concerns over political instability in France, which may weaken the government's ability to address significant policy challenges [1] - The rating level of "Aa3" is equivalent to "AA-" in the Fitch and S&P systems [1] Group 2: Financial Concerns - Key issues highlighted include high budget deficits, rising debt levels, and increasing financing costs, which could lead to a faster-than-expected deterioration of major fiscal indicators [1] - The report emphasizes the risk of undermining the results of previous structural reforms, particularly the important pension reform measures of 2023 [1] Group 3: Future Outlook - Moody's warns that without effective budget plans to control spending or increase revenue, France's fiscal deficit could expand further and persist for a longer duration [1] - Despite the downgrade, Moody's notes that France's financing capacity remains relatively robust compared to comparable countries like the UK, which holds an "Aa3" rating with a "stable" outlook [1]