Moody's cuts France sovereign debt rating one notch to Aa2 from Aa1; revises outlook to Stable from Negative
"The key interrelated drivers of today's action are the continuing weakness in France's medium-term growth outlook, which Moody's expects will extend through the remainder of this decade; and the challenges that low growth, coupled with institutional and political constraints, poses for the material reduction in the government's high debt burden over the remainder of this decade."