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France’s credit rating cut to negative outlook by Fitch on fiscal deficits

  • Fitch revised France's outlook to "negative" from "stable" on Friday due to fiscal policy increases and political risks.
  • Fitch expects broader fiscal deficits and rising government debt, reaching 118.5% of GDP by 2028, while maintaining France's "AA-" rating.
  • France's public finances worsened this year with lower tax income and higher spending, putting its debt at risk of a ratings downgrade.
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Fitch puts negative outlook on France's rating

Credit ratings agency Fitch revised France's outlook to "negative" from "stable" on Friday, citing increases in fiscal policy and political risks.

·United Kingdom
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  • 44% of the sources lean Left
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Le Figaro broke the news in Paris, France on Friday, October 11, 2024.
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