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

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

The French government’s public debt strategy is ‘credible,’ economy minister says.

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

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.

Standard & Poor’s maintient la note de la France à « AA », Bruno Le Maire salue un « signal positif »

S&P Global n’a pas abaissé la note de crédit de la France, invoquant une amélioration prévue de la situation budgétaire grâce notamment à la réforme des retraites.

After the downgrade by Fitch last month, the rating agency S&P decided on Friday 2 June to maintain France's rating at “AA”. The Minister of Finance praised the “strategy for deleveraging and reducing deficits.”

The decision of the American rating agency was eagerly awaited by the government, anxious to show solid economic policy and budgetary seriousness.