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Stock impact report

S&P downgrades France rating amid 'political fragmentation' [Yahoo! Finance]

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
Company Research Source: Yahoo! Finance
This morning, the National Assembly votes on motions of censure tabled by the opposition against the Prime Minister, who has been returned to office. Stephane De Sakutin/AFP/dpa The global rating agency Standard & Poor's (S&P) has issued a surprise downgrading of France's sovereign credit rating from AA- to A+ as the country wrestles with government instability and heavy debt. Although a draft budget was recently presented, uncertainty remains, S&P said of its decision on Friday evening. France is experiencing its "most severe political instability" in almost 70 years, said the agency, citing "intensifying political fragmentation" and a turnover of six prime ministers in three years. The lower rating could lead to higher interest rates on newly issued government bonds, it warned. Finance Minister Roland Lescure interpreted the move as "a call for clarity and responsibility," he told Franceinfo radio. "It is a call for seriousness," Lescure added, referring to France's publ Show less Read more
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