China's Dagong cuts France's credit ratings

A Chinese rating agency said Monday it has downgraded France's sovereign credit ratings, citing concerns about the country's debt repayment. "The debt repayment environment of France remains stable but still faces many challenges," Dagong said, citing increasing pressure from long-term economic sluggishness on government efforts to pursue structural reforms. France's economy, the eurozone's second largest, expanded by a mere 0.4 percent last year as investment slump