France's belt-tightening budget aimed at reining in debt, finance minister says [Yahoo! Finance]
Moody's Corporation (MCO)
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Source: Yahoo! Finance
The government delivered on Thursday its 2025 budget with plans for 60 billion euros ($65.5 billion) worth of spending cuts and tax hikes on the wealthy and big companies to tackle a soaring fiscal deficit. "Our policy is not made for rating agencies but we obviously look at the international climate and at how France is viewed," Armand told France 2 TV. "Facing a spiralling deficit, we must act and that is exactly why we presented yesterday a recovery budget. We absolutely need to regain control over our debt and our deficits." Ratings agency Fitch is scheduled to update its view on France's debt late on Friday, although markets see a bigger risk of a downgrade from Moody's when it reviews its position at the end of the month. Prime Minister Michel Barnier's new government is under increasing pressure from financial markets and France's European Union partners to take action after tax revenues fell far short of expectations this year and spending exceeded them. "The magnit
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MCO
Earnings
- 7/24/24 - Beat
MCO
Sec Filings
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- 10/3/24 - Form 4
- 10/2/24 - Form 4
- MCO's page on the SEC website