S&P Global Ratings has downgraded France's sovereign credit score, marking a significant shift as the country has now lost its double-A rating from two of the three major credit assessors in just over a month. This downgrade raises concerns about the potential impact on investment, as some funds with strict criteria may be forced to sell French bonds. With Fitch Ratings already cutting France's score in September and Moody's set to announce its decision soon, the situation is critical for the French economy and could affect investor confidence.

French bond futures have taken a hit following an unexpected downgrade by S&P Global Ratings, which has raised concerns about the country's fiscal stability. This downgrade not only reflects the ongoing budget risks but also puts France's debt at risk of forced selling by certain funds. It's a significant development that could impact investor confidence and the broader financial landscape.