<picture class="article__media"> <img src="https://img.lemde.fr/2024/11/28/0/0/7219/4815/664/0/75/0/a920ede_2024-11-28t154013z-1867187112-rc2eeba08xqq-rtrmadp-3-israel-palestinians-ratings.JPG" alt="Images Le Monde.fr" width="100%" height="auto"> </picture> <noscript> <img src="https://img.lemde.fr/2024/11/28/0/0/7219/4815/664/0/75/0/a920ede_2024-11-28t154013z-1867187112-rc2eeba08xqq-rtrmadp-3-israel-palestinians-ratings.JPG" alt="Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York on November 12, 2021."> </noscript> <figcaption class="article__legend" aria-hidden="true">Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York on November 12, 2021. ANDREW KELLY / REUTERS </figcaption>

Ratings agency Moody's downgraded France's credit rating Saturday, December 13, to Aa3 with a stable outlook, following months of political crisis and the appointment of centrist Francois Bayrou as prime minister.

Moody's cited France's "political fragmentation" in its decision, which comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget.

<div class="catcher__content">Read more <a href="https://www.lemonde.fr/en/france/article/2024/10/25/moody-s-cuts-france-outlook-opening-door-to-credit-downgrade_6730525_7.html" class="js-article-read-also catcher--favoris__link" data-premium="">Moody's cuts France outlook, opening door to credit downgrade</a> </div>

Le Monde with AFP

The new decision comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget.{ai:summary}Moody's has downgraded France's credit rating to Aa3, maintaining a stable outlook. The decision follows a period of political instability, marked by the appointment of centrist Francois Bayrou as prime minister and a historic no-confidence vote against Michel Barnier's government.The agency pointed to France's "political fragmentation" as a key factor in its downgrade, which comes amid ongoing tensions over austerity measures. #economy

Moody's downgrades France credit rating to Aa3

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