France Braces For Moody's Downgrade As OAT-Bund Spread Hits EU Crisis Level Highs

France Braces For Moody's Downgrade As OAT-Bund Spread Hits EU Crisis Level Highs France faces a potential credit rating downgrade later today as social unrest, a deteriorating welfare state, a deficit crisis, political paralysis, and years of uncontrolled mass migration collide, forcing the government to repair its finances or risk sparking the next Eurozone crisis.  UniCredit fixed-income strategist Francesco Maria Di Bella told clients earlier, "Tonight, Moody's will review France's credit rating, which is currently at Aa3 with a negative outlook."  Di Bella outlined his expectations for Moody's upcoming ratings decision: We expect the rating...