Franceβs Avoids a Debt Downgrade From Moodyβs, but Is Given a Warning NYT - Business By: Eshe Nelson 23 October 2026 at 22:51 Moodyβs held the countryβs credit rating steady amid political uncertainty and a rise in borrowing costs that have worsened Franceβs debt situation. Β© Pool photo by Teresa SuarezPresident Emmanuel Macron of France with ministers in Paris on Thursday.