"fiscal crest"

#12979314

11 November 2025

The two-story JD Sports fashion store features large illuminated logos and window displays of clothing and accessories. Pedestrians walk past the entrance in Munich, Bavaria, Germany, on November 11, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12979315

11 November 2025

The large, illuminated JD Sports logo is displayed in the window and on the building facade of the JD Sports fashion store in Munich, Bavaria, Germany, on November 11, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898811

23 October 2025

People shop outside a Mueller retail store in Munich, Bavaria, Germany, on October 21, 2025. The store displays seasonal discounts on various products as part of ongoing promotions amid economic inflation and consumer price sensitivity.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898812

23 October 2025

People shop outside a Mueller retail store in Munich, Bavaria, Germany, on October 21, 2025. The store displays seasonal discounts on various products as part of ongoing promotions amid economic inflation and consumer price sensitivity.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898813

23 October 2025

People shop outside a Mueller retail store in Munich, Bavaria, Germany, on October 21, 2025. The store displays seasonal discounts on various products as part of ongoing promotions amid economic inflation and consumer price sensitivity.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898788

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with the French flag in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected. This occurs in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898789

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with the French flag in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected. This occurs in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898790

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with the French flag in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected. This occurs in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898791

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with a stock chart in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898792

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with a stock chart in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898793

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with a stock chart in the background. Moody's currently rates France's sovereign debt as Aa3 and is due to reveal the new rating; a downgrade to A1 is expected in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898794

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with the Ministry of Economy and Finance at Bercy in the background. Moody's currently rates France's sovereign debt as Aa3 and is expected to reveal a new rating, with a downgrade to A1 anticipated, in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898795

23 October 2025

The Moody's rating agency logo appears on a smartphone screen, with the Ministry of Economy and Finance at Bercy in the background. Moody's currently rates France's sovereign debt as Aa3 and is expected to reveal a new rating, with a downgrade to A1 anticipated, in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898796

23 October 2025

The rating scale appears on a smartphone screen, with the Moody's rating agency logo in the background. Moody's currently rates France's sovereign debt as Aa3 and is expected to reveal a new rating, with a downgrade to A1 anticipated, in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898797

23 October 2025

The rating scale appears on a smartphone screen, with the Moody's rating agency logo in the background. Moody's currently rates France's sovereign debt as Aa3 and is expected to reveal a new rating, with a downgrade to A1 anticipated, in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12898798

23 October 2025

The rating scale appears on a smartphone screen, with the Moody's rating agency logo in the background. Moody's currently rates France's sovereign debt as Aa3 and is expected to reveal a new rating, with a downgrade to A1 anticipated, in Creteil, France, on October 23, 2025.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.