Pierre moscovici

Appears In:

Moody's downgrades France's credit to AA1

Moody's downgraded France's AAA rating, the highest designation, to AA1 on Monday.

France's Economy minister Pierre Moscovici answers journalists' questions after a press conference, on Nov. 20, 2012 at the ministry in Paris, one day after the international ratings agency Moody's cut the French government bond rating by one notch from the highest level to 'Aa1.' An additional downgrade is possible.

Francois Guillot

AFP/Getty Images