France's Credit Rating Change Not Imminent, Moody's Says - by Mark Deen

France’s sovereign credit rating may not be subject to an imminent change, Moody’s Investors Service said. 

Moody’s placed France on “negative outlook” on Feb. 13, adding that it retains its Aaa credit rating. Socialist presidential candidate Francois Hollande said yesterday that he expects Moody’s to act on that outlook on May 12, six days after the final round of this year’s presidential election.

“The negative outlook on this rating doesn’t signal any imminent change but constitutes an indication of the probable evolution in the next 12 to 18 months,” Moody’s said today in an e-mailed statement in response to Hollande.

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