A warning "for those who play havoc", reacts the Minister of the Economy Roland Lescure after the maintenance of France's rating by the Moody's agency
The Moody's agency announced Friday evening that it was maintaining France's sovereign rating at Aa3, with a negative outlook.
For Roland Lescure, Minister of the Economy, invited on Saturday October 24 on franceinfo, the maintenance of France's rating by Moody's with a negative outlook is "recognition of the strength and diversity of the French economy but it is also a warning to all those who want to move away from the budget copy, to vote for a budget that is drifting [...] and it is also a warning for those who play havoc". According to Roland Lescure, Moody's notes "the deterioration of the social climate, the risks of turbulence, violence", "shadows in the picture" according to the minister who nevertheless speaks of a picture which is "that of a French economy which holds up and a government which keeps the accounts".
Friday evening, contrary to general expectations, the rating agency Moody's refrained from any rating action on French debt, effectively maintaining its assessment at Aa3 with a negative outlook. She published a press release explaining that it was not "a credit action", seeming to wait for the situation to become clearer in France before commenting further. A difficult budget is under construction and new violence is feared on Saturday in the streets of the country.
Machine-translated from French
Why it is marked verified
3 independent newsrooms report this story. BFM Business published it first, 9 h before the last one.
- BFM Business23 Oct, 23:04
- Le Monde23 Oct, 23:22
- Franceinfo24 Oct, 08:22
| Publisher Franceinfo (established tier) | +76 |
| Carried by 3 newsrooms |
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