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Fitch downgrades crisis-strained France
Fitch Ratings cited France's high public debt of 113% of GDP and political deadlock as reasons for the downgrade, warning of rising borrowing costs and fiscal instability.
- Fitch lowered France's public debt rating from AA to A+ on September 12, citing a persistent public deficit and high debt as reasons for the downgrade.
- The downgrade marks the first time in over a decade that France lost its double A rating from a major agency.
- France is now rated the same as Estonia, Malta, Saudi Arabia, and China in terms of public debt.
- Prime Minister Sébastien Lecornu faces pressure to negotiate a budget agreement to restore public finances after this downgrade.
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136 Articles
136 Articles
·London, United Kingdom
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The credit rating agency Fitch has just degraded the French debt rating. But, despite this depreciation, the country is not in debt at such a high rate in terms of historical levels. Demonstration.
Today the first effects on the Stock Exchange following the downgrade of the rating agency. The neo-premier sees the Cgt, which Thursday goes down to the square with the other unions
·Turin, Italy
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The American rating agency Fitch has awarded France's creditworthiness with a historically poor rating.The renowned agency rated the credit rating ... The post Crisis sign: Rating agency Fitch evaluates France's credit rating as bad as never appeared first on Apollo News.
Coverage Details
Total News Sources136
Leaning Left19Leaning Right22Center25Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 29%
C 38%
R 33%
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