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Le Maire hails ‘positive signal’ after S&P preserves France’s credit rating

Summary by Ground News
French Economy Minister Bruno Le Maire: "It's a positive signal" S&P on Friday maintained France's credit rating at AA, but said the outlook remained "negative" In April, Fitch Ratings downgraded France's rating from AA to AA-. "Social and political pressures illustrated by the pension reform will complicate fiscal consolidation," Fitch argued.

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The Anglo-Saxon rating agency maintained France's rating on Friday 2 June The rating agency S&P Global did not lower France's credit rating on Friday, keeping it unchanged

·France
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Lean Right

Last April, another reference agency lowered its rating for France. The government was scrutinizing this announcement.

·Paris, France
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Lean Right

While the executive feared a deterioration in its rating, as Fitch decided at the end of April, the other American agency is more optimistic than its counterpart about the trajectory of French public finances.

·Paris, France
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Bias Distribution

  • 38% of the sources lean Left, 38% of the sources lean Right
38% Right
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Le Monde broke the news in Paris, France on Friday, June 2, 2023.
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