Moody's agency does not downgrade France's rating despite budgetary and political uncertainty

France retains its 'double A' credit rating from Moody's, surprising many economists who expected a downgrade. This decision alleviates some pressure on Prime Minister Sébastien Lecornu's government, highlighting the strength of the French economy and the credibility of its budget. Moody's maintained France's 'Aa3' rating with a negative outlook, contrasting with other agencies like Fitch and S&P, which downgraded France in 2025. France remains behind Germany and the Netherlands, which hold the highest rating, but is ahead of Spain and Portugal.