US EditionFrance Has a High Public Debt but Its Economy Is Strong: the Fitch Agency Keeps Its Mark Unchanged at A+
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16 Articles
The Fitch agency (which had lowered France's rating in September) maintains its A+ this time. It estimates this Friday evening that the economy and the tricolor institutions remain solid, despite a high public debt. Minister of Economy Roland Lescue "takes note" this Saturday morning of this decision. - Debt of France: Fitch keeps the rating to A+ due to the solidity of the tricolor economy (Economy).
"The government remains fully mobilized to continue the reduction of deficit and debt," said Minister of Economy Roland Lescure, after the announcement of the rating agency.
Fitch announced this Friday that it would maintain France's sovereign debt rating at A+, with a stable outlook, stressing the soundness of its economy, while pointing to a high public debt and a political context that limits its policy space to clean up public finances.
The note of France's sovereign debt is maintained at A+ by the Fitch agency, which warns, however, about the high level of its debt and a "relatively low growth potential".
ledauphine.com
The rating agency Fitch does not devalue France, but points out "a socio-political context that complicates fiscal consolidation in the medium term".
The US agency had been the first to lower the French debt rating in September, due to political uncertainty. On Friday, 6 March, it chose not to change it.
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