Fitch Ratings has recently announced that if kept France’s rating unchanged at ‘AA’ and said that the outlook was ‘stable’.
Key quotes (via Reuters)
- France to face new economic, political challenges, policy trade-offs after broad-based structural reform measures, substantial cyclical improvement in economy.
- France’s prudent debt management strategy helps mitigate risks from high public debt.
- France’s ratings underpinned by its economy, strong and effective civil and social institutions & track record of macro-financial stability.
- French financial sector is sound.
- France’s public finances, and particularly high level of government debt, remain a rating weakness relative to ‘AA’ category.
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