There were rumors of a downgrade but Moody’s kept France’s Aa1 rating but also kept its negative outlook.
There might be a chance to buy the euro here with the market still open but 99% of people gone home.
- Sees real GDP growth of 0.4% in 2014, 0.9% in 2015
- Negative view reflects execution risks associated with implementing the government’s proposed structural reform
Frenchmen with a negative outlook
From Moody’s:
Despite negative credit pressures, the country retains significant credit strengths, including the size and wealth of the economy, as well as its affordable debt burden despite a continuous, gradual erosion of its economic and fiscal strength.
