Moody's holds steady on France's credit rating as country grapples with turmoil and higher yields

Moody's opted to maintain its credit rating on France as the country contended with a week of civil unrest and rising political risk.

The agency kept France's credit rating at Aa3, a level Moody's still deems "high grade," but it also maintained its negative outlook on the nation.

Investors were anticipating Moody's rating decision as France, the second-largest economy in the euro zone, contended with civil unrest and a sharp surge in bond yields. This week, the nation's 10-year bond yield surpassed 5% for the first time since 2002.

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