France's new prime minister gets a baptism of fire after surprise Moody's downgrade
Publishing timestamp: 2024-12-16 07:25:34
Summary
Moody's downgrades France's credit rating to "Aa3" from "Aa2" due to concerns over political fragmentation, leading to negative reactions from traders. New prime minister Francois Bayrou faces challenges in getting lawmakers to agree to the 2025 budget amid political turmoil and uncertainty.
Sentiment: NEGATIVE
Keywords: economic events, moody's corp, business news, francois bayrou, foreign policy, france, government and politics, michel barnier, cac 40 index,