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International rating agency Moody's has maintained France's top AAA rating, it was announced on Monday, just three days after rival agency Standard & Poor's downgraded it.
However, Moody's announced that it will update its position on the European country later in the first quarter of 2012.
In its announcement, Moody's cited the French economy's overall strength but said bleak growth prospects in France and the region present "risks to the French government's fiscal consolidation plans," The Boston Globe has informed.
"Over the next three months, Moody's will monitor and assess the stable outlook against the government's progress in implementing necessary economic and fiscal reform measures, while taking into account any adverse economic or financial market developments," Moody's spokesman Francesco Meucci has commented.
On Saturday, Standard & Poor's officially downgraded the ratings of nine eurozone member countries, including France. All euro zone states had their outlook also moved to negative, except Germany and Slovakia.
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