Moody’s says would downgrade France further if deterioration in economic prospects or difficulty in implementing announced reforms

Mon Dieu!!!!!

• Would downgrade France further if substantial economic or financial shock from euro zone crisis

Moody’s analyst

• France’s 2013 budget, medium-term fiscal plan based on optimistic growth forecast
• France’s 2013 budget, competitveness pact “significant steps”, helped limit size of downgrade (well that’s gotta make ya feel betta)