Moody's to downgrade France further if reforms stall
PARIS (Reuters) - Credit ratings agency Moody's, which stripped France of its prized AAA rating on Monday, would downgrade its creditworthiness further if the Socialist government fails to implement announced reforms, its lead France analyst said.
"We would downgrade the rating further in the event of additional material deterioration in France's economic prospects or in a scenario in which there were difficulties in implementing the announced reforms," said Moody's lead analyst for France's sovereign rating, Dietmar Hornung. (Reporting By Daniel Flynn)
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A Malaysia Airlines flight carrying 227 passengers and 12 crew went missing over the South China Sea on Saturday, presumed crashed, as ships and planes from countries closest to its flight path scoured a large search area for any wreckage. Full Article