Moody's holds France's credit rating steady despite budget and political uncertainty

France has retained its "double A" rating from Moody's, contrary to many economists' predictions of a downgrade. This decision, announced on October 23, alleviates some pressure on the Lecornu government. Prime Minister Sébastien Lecornu emphasized that the rating reflects the strength of the French economy and the government's commitment to restoring public finances. Moody's maintained France's "Aa3" rating with a negative outlook, which is higher than Spain and Portugal but lower than Germany and the Netherlands, both rated "Aaa."