Credit ratings agency Moody's on Friday maintained France's long-term foreign-currency sovereign credit rating at Aa3, but revised its outlook to negative from stable, citing increased risks from political fragmentation that could hamper the country's ability to rein in its deficit. Earlier, Fitch, DBRS, and S&P Global - all within just over a month - downgraded France’s ratings. Finance Minister Roland Lescure said in a statement that Moody's decision "reflects the absolute necessity of building a collective path toward a budgetary compromise." "The government remains determined to meet the target of a 5.4% of GDP deficit in 2025 and to continue on an ambitious trajectory of reducing the public deficit to return below 3% of GDP by 2029, while preserving growth," Lescure said. Standard & Poor's credit rating for France stands at A+ with a stable outlook. DBRS’s credit rating for France was last reported at AA with a stable outlook.