(Bloomberg) -- France’s sovereign rating is at risk if political wrangling sees its fiscal and debt metrics materially worsen, according to Moody’s Investors...
-- France ’s sovereign rating is at risk if political wrangling sees its fiscal and debt metrics materially worsen, according to Moody’s Investors Service.Zyn Imitators Rush In as Online Sales Halt Worsens US ShortageThe rating company warned in a note published late Monday that the nation’s outlook may be lowered to negative from stable if it observes a larger deterioration in the affordability of debt-servicing costs compared to peers. Those remarks echo a similar caution from April.
While Europe’s interest rates are starting to come down, with the region’s central bank set to lower rates again by year-end, France’s borrowing costs have jumped since President Emmanuel Macron’s decision last month to call a snap poll.French 10-year yields were five basis points higher at 3.22% on Tuesday, lifting their risk premium over safer German assets to 64 basis points, up from around 50 basis points prior to the vote being called.
David Axelrod didn’t mince words when the subject of Joe Biden’s chances of re-election came up during a Sunday appearance on CNN, saying he doesn’t believe the president understands he can’t beat Donald Trump in November.“There are certain immutable facts of life—and those were painfully obvious on that debate stage—and the president just doesn’t seem to come to—he hasn’t come to grips with it. He’s not winning this race,” Axelrod said on Inside Politics.
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