Moody’s downgrades France 1 notch on weak growth

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NEW YORK (AP) — Moody’s Investors Service on Monday downgraded France, stripping it of its prized AAA credit rating due to concerns over its prospects for economic growth and its exposure to Europe’s financial crisis.

Moody’s lowered France’s rating one notch to Aa1. It kept the rating’s outlook at negative, meaning it could face future downgrades.

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