French political parties rush to seek alliances ahead of snap election [Globe and Mail, The (Toronto, Canada)]
Moody's Corporation (MCO)
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Source: Globe and Mail, The
the clock to prepare for a snap election which opinion polls show Marine Le Pen's far-right party is likely to win. The euro dropped as did French stocks and bonds after President Emmanuel Macron announced the lower house of parliament election for June 30 and July 7 following a massive loss for his camp in a European Parliament ballot on Sunday. Rating agency Moody's warned of the risk that political instability triggered by the snap election meant for France's already challenging fiscal picture. Le Pen's National Rally (RN) topped the first poll issued on Monday, although the survey said the party would fall short of an absolute majority of votes. This means the RN was looking for allies to secure control of parliament, and some in mainstream parties tried to unite to keep the far-right out of power in the euro zone's second-largest economy. A key target for both camps are the conservative Les Republicains (LR), in power for decades but now a shadow of its former self. It
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MCO
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- 5/3/24 - Beat
MCO
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- MCO's page on the SEC website