Moody's Reviews France's Aa3 Rating Today, Negative Outlook in Place

Moody's is due to update France's Aa3 rating on October 23, 2026, with its negative outlook, set in October 2025, still in place. Aa3 is upper investment grade. A negative outlook signals more risk of a downgrade, or cut, than an upgrade over the medium term, but does not guarantee one. Bond investors watch that gap closely.