The Zhitong Finance App learned that France escaped the downgrade of Moody's ratings, giving a respite to a country plagued by soaring bond yields, political impasse, and street protests. Moody's maintained a rating of Aa3 for France, the second-largest economy in the Eurozone, which is 7 levels higher than the “garbage grade” and is on par with the UK's rating; the rating outlook is negative.

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