France Loses Top Rating at Moody’s in Blow to Hollande

France lost its top credit rating with Moody’s Investors Service, dealing a blow to President Francois Hollande’s efforts to show budget credibility in the face of a stalled economy. France was cut to Aa1 from Aaa, the rating company said today. The Moody’s downgrade follows one by Standard & Poo…

Original post: 
France Loses Top Rating at Moody’s in Blow to Hollande