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Moody's holds steady on France's credit rating as country grapples with turmoil and higher yields
Moody's kept France at Aa3 with a negative outlook even as civil unrest and higher bond yields weighed on the country.
✓Source-backed summarySource: CNBC
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Key developments
- Moody's opted to maintain its credit rating on France as the country contended with a week of civil unrest and rising political risk.
- The agency kept France's credit rating at Aa3 and maintained a negative outlook on the nation.
- This week, France's 10-year bond yield surpassed 5% for the first time since 2002.
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