Moody's, the rating agency, said on Monday that the French debt ranking is under pressure due to the debt metrics and potential contingent liabilities, where the agency clarified that the French rating will be updated later this quarter.

The deterioration in debt metrics and the potential for further contingent liabilities to emerge are exerting pressure on the stable outlook of the French government's AAA debt rating, Moody's said.

Moody's also said that the French credit rating is under pressure due to the rising public debt and escalating debt crisis.