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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.
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
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.