France

French Government Bonds Holding Steady After Credit Downgrade, For Now

Fitch downgraded France from AAA last week

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French government bonds held steady on Monday after the country lost its last major triple-A rating last week, suggesting investors have come to terms with a shrinking universe of top-rated debt.

Fitch downgraded the euro zone's second largest economy to AA-plus on Friday, citing weaker economic output, rising unemployment, budget deficits and subdued external demand.