Finance. Fitch Maintains France's A+ Rating and Stable Outlook
31 Articles
31 Articles
Saved by the gong. A drop in France's sovereign note would have had deleterious effects on the end of Emmanuel Macron's and Sébastien Lecornu's term of office. This was the first time that France's sovereign note had been written...
The credit rating agency Fitch maintains the French debt rating to A+. It considers that France has a "large, diversified economy (...) of a solid banking sector (and) of a diversified investor base." It nevertheless raises a "high and rising debt" as well as a "political and social context making fiscal consolidation difficult".
Despite higher public deficit estimates due to growth slowed by the heat wave, the situation in the country remains convincing in the eyes of the rating agency, which kept its A+ mark on Friday 28 August.
The US agency Fitch Ratings did not degrade the note of France despite a complicated budgetary situation The agency Fitch Ratings maintained on Friday the note of the sovereign debt of France
Stable outlook despite high debt, fiscal pressures and weak growth potential
This decision comes in a tense economic context, a few weeks from the presentation of the government's last budget before the presidential election, and at a time when debt is at the heart of the debate.
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