Moody's Investors Service stripped France of its triple-A credit rating in the wake of a controversial article in the British Economist magazine saying that the country is "the time-bomb at the heart of Europe" because President Francois Hollande has failed to reform bloated government agencies. Standard & Poor's Ratings Services downgraded France in January, leaving Fitch Ratings as the only major credit analyst that still gives France top marks for its credit worthiness.
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