France pledges to push on with reforms after Moody's downgrade

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Ratings agency Moody's has cut France's triple-A sovereign rating by one notch to Aa1, and said it would maintain a negative outlook on the country.

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France said on Tuesday it would respond to a Moody's credit downgrade by pushing on with reforms but complained the ratings agency had overlooked steps already taken to revamp the euro zone's second-largest economy, reports Reuters.