Fitch Retains France's A+ Rating but Downgrades Outlook from Stable to Negative
Fitch Ratings flagged a "deterioration" in France's budget situation and borrowing rates.
The rating agency Fitch Ratings noted a “deterioration” in the budgetary situation and borrowing rates in France. The rating agency Fitch Ratings maintained France's sovereign debt rating at A+ on Friday October 30 but downgraded the outlook from stable to negative, noting a "deterioration" in the budgetary situation and borrowing rates.
“Weaker growth, further fiscal deterioration and higher yields have increased the difficulty of carrying out the sustained fiscal consolidation necessary to halt France's debt deterioration trajectory,” the agency wrote in a press release.
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Machine-translated from French
Why it is marked verified
3 independent newsrooms report this story. BFM Business published it first, 29 min before the last one.
- BFM Business30 Oct, 23:14
- Le Figaro30 Oct, 23:42
- Franceinfo30 Oct, 23:43
| Publisher BFM Business (established tier) | +76 |
| Carried by 3 newsrooms | +10 |