Rating agency Moody's removed France from its top-ranking triple A rating. The downgrade came only days after President Francois Hollande had made a genuine policy 'U-turn' to restore the country's competitiveness. But the downgrades could accelerate if France cannot reform itself seriously and its financing abilities could become more problematic.

RATING agency Moody’s has downgraded the French sovereign signature from Aaa to Aa1, keeping its ‘negative outlook’ on France.

The agency based its decision on November 19, 2012, on ‘structural challenges’ including the loss of competitiveness, rigid labour market and fiscal imbalances.

France’...

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Dr. Emmanuel Martin
The consequences of the Aa1 downgrade in the short term are problematic at the European level. With the loss of the French Aaa, the rating of the European Financial Stability Facility (EFSF) is now above France, a major backer - a situation which is not compatible with the rescue mechanism’s Deeds of Guarantee rule
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree