（原标题：穆迪上调蒙古2025年信用评级至"B1"稳定） 国际信用评级机构穆迪近期宣布将蒙古主权信用评级从"B2"上调至"B1"， 评级展望维持"稳定"。该评级不仅为蒙古降低融资成本、吸引外资创造有利条 件，也为其推进经济多元化、实现可持续发展提供契机。穆迪也提醒，未来蒙 古需在维持政策连续性、应对大宗商品价格波动、地缘政治外部风险及深化结 构性改革上持续发力，以巩固评级上调成果，推动经济向更高质量发展迈进。 ...

Group 1 - Standard & Poor's has downgraded France's long-term foreign currency issuer default rating from "AA-" to "A+" and changed the outlook from "negative" to "stable" [1] - This marks the second downgrade of France's sovereign credit rating by S&P in the past year and a half, reflecting underlying political and debt challenges in France as well as governance issues within the EU [1] - The upcoming fiscal budget proposal from the new government is expected to be a focal point of contention before the end of the year, representing a potential risk for the euro [1]

Core Viewpoint - Standard & Poor's downgraded France's sovereign credit rating from AA- to A+, highlighting the country's fiscal challenges [1] Group 1: Credit Rating Impact - The downgrade has led to a collective rise in French bond yields, with the 10-year government bond yield currently at 3.388%, which is nearly 80 basis points higher than Germany's 10-year bond yield [1] - This increase in yield reflects a negative sentiment among investors towards French bonds, which was previously under 50 basis points before the 2024 early voting [1] - In just one month, two of the three major global rating agencies have downgraded France's sovereign credit rating, potentially forcing strict investment funds to sell French bonds [2] Group 2: Market Reactions and Economic Outlook - Despite the downgrade, analysts suggest that large-scale selling of French bonds is unlikely, as they still hold an investment grade and S&P's outlook remains stable [4] - The market is currently focused on whether Prime Minister Le Cornu can navigate budget negotiations, especially after he opted not to use policy tools to bypass parliamentary voting [4] - The potential for new political issues arises from the Prime Minister's commitment to pause President Macron's pension reform, which could affect market sentiment [3]

智通财经APP获悉，法国债券期货小幅走低，此前标普全球评级突发下调法国主权信用评级，从AA-下调至A+，凸显该国财政困境，并使部分基金面临被迫 抛售法国债券的风险。亚洲早盘，10年期法国债券期货下跌21个跳动点至122.94，德国同期合约跌幅相对温和。欧元在周五晚些时候承压，但基本走平。 此次降级使法国在一个多月内已失去三大评级机构中两家(惠誉9月已下调)的AA评级，穆迪将于周五公布其评估结果。 标普在报告中指出："2027年总统大选前公共财政不确定性仍然很高。"法国正经历自1958年第五共和国成立以来最严重的政治不稳定，"财政整顿计划缺乏 可见性，对经济增长构成压力。" 降级还可能降低法国债券对最规避风险的资产所有者(如央行储备管理部门及部分养老金基金)的吸引力。贝莱德、先锋集团和法通集团等公司管理的产品目 标为平均评级达AA及以上，此类产品在欧债危机期间因避险需求而广受欢迎。 法国债券仍稳居投资级区间，绝大多数持有者仍可继续持有。但基金再平衡时可能出现部分强制出售，且评级下调对投资者情绪的广泛打击已显现：自马克 龙去年提前举行立法选举导致悬浮议会以来，法国借贷成本持续高于欧元区同行，政治僵局已将国债收益率 ...

周一（10月20日）亚市早盘，欧元/美元微幅上涨，最新欧元兑美元汇率报1.1660，涨幅0.08%，尽管周 末传出不利消息，包括消息人士透露特朗普敦促乌克兰总统泽连斯基向俄罗斯让步，以及标普意外下调 法国评级（Full Story），汇价在亚洲早盘并未出现明显下跌，展现出一定韧性。 欧元在上周表现出色，欧元对美元汇率周线上涨0.31%，至1.1651，主要得益于法国政府暂停养老金改 革，总理勒科尔尼在不信任投票中幸存，缓解了政治不确定性。 国际信用评级机构标准普尔17日晚发布报告，将法国长期外币发行人违约评级从"AA-"下调至"A+"，评 级展望从"负面"调整为"稳定"。这是标普近一年半内第二次下调法国主权信用评级。 标普原定11月底公布法国主权信用评级报告，但近期法国政局变化，该机构决定提前发布报告。报告指 出，尽管法国政府本周已向议会提交2026年预算草案，但法国"公共财政的不确定性依然很高"，这可能 抑制投资和私人消费，影响经济增长，进而拖累整体经济表现。 从技术面看，图表显示21日布林带区间下移，10日与21日移动均线亦同步走低。日线动能指标呈中性 ——近期反弹后留下中性格局。 阻力方面，上周五高点1 ...

【资讯导读】 ·美国商会正式对特朗普政府提起诉讼 ·英国央行首席经济学家：未来一年将进一步降息 ·白宫管理和预算办公室主任沃特表示，因"停摆"持续，特朗普政府将再冻结约110亿美元的基础设施项 目资金，主要涉及民主党执政城市。 ·美国商会正式对特朗普政府提起诉讼，指控其近期针对H-1B签证项目设定的高额申请费用"违法且不 当"。这标志着美国最具影响力的商业组织之一首次在法庭上直接挑战特朗普政府的移民与劳动力市场 政策。 ·美国商务部计划宣布将汽车制造商进口零部件关税抵免安排延长五年，此前该条款原定两年后终止。 ·英国央行首席经济学家皮尔表示，如果经济走势符合英国央行的预测，他预计未来一年将进一步降 息。鉴于通胀回落进程缓慢，不应过快降息。 ·韩国总统顾问表示，美韩在贸易谈判中多数议题上取得实质性进展；韩国与美国在亚太经合组织 （APEC）会议前达成贸易协议的可能性更高。 ·日本政府拟于2026年度将签证申请手续费上调至与欧美国家相当的水平。鉴于访日外国游客呈增加之 势，日本政府希望将签证成本上升及物价上涨体现在手续费中。 ·日本政府拟于2026年度将签证申请手续费上调 ·标普将法国长期外币发行人违约评级从"A ...

Core Viewpoint - Standard & Poor's (S&P) downgraded France's sovereign credit rating from "AA-" to "A+" with a stable outlook, citing high uncertainty in public finances as the main reason for the downgrade [1][2]. Group 1: Credit Rating Downgrade - S&P's report indicates that despite the French government's submission of the 2026 budget draft, uncertainty in public finances remains high ahead of the 2027 presidential election [1]. - The suspension of pension reforms initiated in 2023 is viewed as a significant factor contributing to increased fiscal pressure [1]. - This marks the second downgrade by S&P in a year and a half, following a similar action by Fitch, reflecting a rapid decline in market confidence regarding France's fiscal outlook [2]. Group 2: Fiscal Projections - S&P forecasts that France's public debt as a percentage of GDP will rise to 121% by the end of 2028 [1]. - Under the assumption that the 2026 budget draft remains unchanged, S&P expects the government deficit as a percentage of GDP to slightly decrease to 5.3% in 2026 [1]. - The report emphasizes that significant fiscal consolidation measures are necessary to reverse the ongoing trend of rising government debt [1]. Group 3: Government Response and Market Reactions - The French Ministry of Economy and Finance acknowledged S&P's decision and reiterated the commitment to keep the 2025 deficit rate at 5.4% of GDP [2]. - Concerns are rising regarding Moody's upcoming update on France's sovereign rating, with fears that further downgrades could lead to increased borrowing costs for the country [2]. - It is projected that interest expenses could reach approximately €55 billion by 2025 if rating agencies continue to downgrade France's credit rating [2].

国际信用评级机构标准普尔17日晚发布报告，将法国长期外币发行人违约评级从"AA-"下调至"A+"，评 级展望从"负面"调整为"稳定"。这是标普近一年半内第二次下调法国主权信用评级。 标普原定11月底公布法国主权信用评级报告，但近期法国政局变化，该机构决定提前发布报告。报告指 出，尽管法国政府本周已向议会提交2026年预算草案，但法国"公共财政的不确定性依然很高"，这可能 抑制投资和私人消费，影响经济增长，进而拖累整体经济表现。 报告认为，2025年法国公共财政赤字占国内生产总值（GDP）的比重预计将达到政府设定的5.4%目 标。但如果不额外采取有力措施削减赤字，法国财政整顿的进展将慢于预期。 法国经济与财政部长罗兰·莱斯屈尔18日在接受法国新闻广播电台采访时表示，标普下调法国主权信用 评级是"对清醒和责任的呼吁"。他强调，为增强市场和评级机构信心，政府与议会必须共同努力通过预 算案并保持财政稳定。 今年9月，另一家国际评级机构惠誉以政治动荡持续、预算案久拖未决、债务水平持续上升为由，将法 国长期外币发行人违约评级从"AA-"下调至"A+"。穆迪公司预计本月24日发布对法国的最新评级决定。 （文章来源：新华社） ...

Core Insights - Moody's upgraded Ghana's sovereign credit rating from Caa2 to Caa1, citing improved debt reduction prospects and changing the outlook from positive to stable [1] Economic Stability - Ghana's macroeconomic stability has strengthened, supported by external factors that help control financing costs and replenish foreign exchange reserves [1] Public Debt - Ghana's public debt decreased from 7,640 billion cedis (64.9% of GDP) last year to 6,290 billion cedis (approximately 516 million USD) by the end of July, now representing 44.9% of GDP [1] International Reserves - Ghana's international reserves increased by 43% by the end of August, reaching 10.7 billion USD, bolstering its ability to meet external payment obligations [1]

（文章来源：新华财经） 该机构还确认埃及的短期评级为"B"，评级展望为"稳定"。 标准普尔在报告中表示，埃及自2024年3月以来转向灵活汇率，提高了竞争力，推动了旅游业和侨汇收 入的增加，并吸引了外国投资，这导致了GDP增长反弹以及外部和财政指标的改善。 新华财经开罗10月11日电（记者张健） 10日，全球信用评级机构标准普尔全球评级七年来首次将埃及 的长期主权信用评级从"B-"上调至"B"，理由是正在进行的经济改革、增长前景向好、国际收支改善。 ...