Updated

France faces a possible downgrade from rating agency Moody's on October 23, 2026 amid mounting concerns over the country's rising public debt and cost of living protests. The nation's 10-year government bond yield has climbed above 5 percent for the first time since 2002, reflecting higher borrowing costs as financial markets price in increased fiscal risks. The potential downgrade comes as France grapples with simultaneous pressures from social unrest and deteriorating public finances.