FRR's funding ratio drops

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FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.

In its third quarter results, the reserve fund said total assets fell to €34.7bn ($48bn), down from €37bn at the end of last year. However, only a mere €200m of the decline was due to investment lo...

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