Standard & Poor's Notation Agency Reduces France's International Credibility

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The international financial notation agency Standard & Poor's, one of the most important in the world, has significantly reduced France's international notation note and quota, underlining the "serious uncertainty" that weighs on national finances. Standard & Poor's is one of the great agencies of international financial notation, whose judgments are often interpreted as very extreme judgments on the big economies. At the beginning of September,…

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Standard & Poors lowers France's rating to A+, pointing to a deficit without credible trajectory and unprecedented political instability under the Fifth Republic. A new signal of market distrust towards the Lecornu government 2.

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The agency is responding to the chaotic situation in the French government and the fact that the state budget deficit for next year will likely be one of the highest in the European Union.