Fitch downgrades French debt to AA-, outlook stable
Credit ratings agency Fitch lowers France’s debt worthiness from ‘AA’ to ‘AA-’ on Friday, citing the high level of government debt as a weakness. – EPA pic, April 29, 2023.
CREDIT ratings agency Fitch downgraded France’s debt worthiness a notch to “AA-” from “AA” yesterday, claiming the country’s “fiscal metrics are weaker than peers”. “Public finances, and in particular the high level of government debt, are a rating weakness,” Fitch said in a commentary on its rating action which said the country’s outlook was stable.
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