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New
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Pledge one crypto to borrow another
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Jefferies: Maintains negative outlook on French government bonds, Fitch downgrade raises concerns
On September 15, Jin10 reported that after Fitch downgraded France's credit rating, Jefferies Group maintained a negative outlook on French bonds. The agency is concerned that the new government will not be able to implement sufficient fiscal consolidation, and other rating agencies may follow suit with downgrades. Global economist Mohit Kumar stated in the report: “We do not see how the newly established Le Maire government can credibly implement fiscal reforms.” Currently, Moody's and S&P Global Ratings rate France at Aa3 and AA- respectively, and may follow Fitch in taking downgrade actions. Kumar pointed out: “If France's ratings from two or more rating agencies fall below AA-, it may trigger forced selling by institutional accounts.”