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Stock impact report

France Gets Budget Warning as DBRS Turns Negative on Rating [Yahoo! Finance Canada]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Most Read from Bloomberg The change in outlook reflects “higher execution risks regarding France's capacity to reduce its large fiscal deficit and high public debt ratio in the coming years, not least related to rising debt interest costs,” the ratings firm said in a statement late Friday. DBRS kept its AA (high) rating on France, just one notch below the top level. It's two steps lower at S&P, Moody's and Fitch. France's fiscal challenges intensified last year after elections delivered a hung parliament, making it difficult for governments to pass urgent cuts to rein in deficits. In December, the tensions culminated in no-confidence vote that forced Prime Minister Michel Barnier to resign and torpedoed the 2025 budget plan. A new government finally succeeded in passing a delayed finance bill in February that aims to narrow the deficit to 5.4% of economic output from and estimated 6% in 2024 — a smaller reduction than the initial target of 5%. “The country has the highest l Show less Read more
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