France's new prime minister gets a baptism of fire after surprise Moody's downgrade
Moody’s(MCO) CNBC·2024-12-16 19:45
Francois Bayrou, France's incoming prime minister, during the handover ceremony at the Hotel Matignon in Paris, France, on Friday, Dec. 13, 2024.Within hours of being appointed, France's new prime minister Francois Bayrou faced his first upset: the country's credit rating was downgraded by credit rating agency Moody's.The agency announced on Saturday that it was cutting France's rating to "Aa3" from "Aa2" with a stable outlook, citing concerns over "political fragmentation."Paris is in the midst of a politi ...