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MORE: France Rating Affirmed By Moody’s, Maintains Neg. Outlook 2014-01-24 22:19:55.837 GMT
By Louisa Fahy Jan. 24 (Bloomberg) -- Moody’s sees debt-to-GDP ratio rising above 95% by end-2014 from 93.6% in 2013. * “Even assuming the government is successful in implementing fiscal consolidation measures, the debt-to-GDP ratio is unlikely to start to fall until 2016,” Moody’s says * Moody’s sees continued risk of France missing fiscal targets * Moody’s would consider moving outlook to stable, eventually upgrade debt rating, if planned economic reforms and fiscal measures are implemented and effective * Moody’s would likely downgrade rating if its confidence in likelihood of implementation of proposed reforms or their effectiveness declined, or if Moody’s views on country’s medium- to LT growth prospects deteriorated Link to Statement:NSN MZXENZ3V2800 <GO> Link to Company News:223727Z FP <Equity> CN <GO>
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To contact the editor responsible for this story: Louisa Fahy at +1-202-624-1942 or lnesbitt@bloomberg.net