Moody's has warned that France's outlook could fall from "stable" to "negative" if its debt service affordability deteriorates compared to its counterparts in Europe.
Moody's warning comes as France deals with the fallout from an election in which no party or alliance has won an absolute majority in the National Assembly.
Moody's warned of the negative repercussions of holding early parliamentary elections on France's credit rating. This early election reinforces the risks to fiscal consolidation and is "credit-negative" for the country's current rating at Aa2, one notch higher than Fitch and S&P Global.
Source (Al-Arabiya.net Website, Edited)
