French debt downgraded as Troika praises Portuguese reforms

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France has been stripped of its triple-A credit rating due to structural problems, a poor fiscal outlook and heightened uncertainty over the country's resilience to shocks. Meanwhile, Portugal  has been praised by the International Monetary Fund (IMF), European Commission (EC) and European Central Bank (ECB) for making "solid progress" with reforms.

Credit rating agency Moody's downgraded France's debt rating one notch to Aa1, with a negative outlook, citing three principal reasons for the decis

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