Apr 29 – Rating agency Fitch downgraded France’s credit rating by one notch to “AA-“. There is a possible political standstill in the country and also social movements that could pose risks to President Emmanuel Macron’s reform agenda, Fitch said on Friday evening. “The social and political pressures evident in the protests against pension reform will make fiscal consolidation more difficult,” it said. Fitch is now predicting growth of 0.8 percent for the French economy for the current year, after forecasting 1.1 percent in November.
Fitch raised the outlook for the rating from “negative” to “stable”. This signals that no further downgrade is likely in the near term.
Fitch cuts France’s credit rating by one notch
What: Reuters
Symbolfoto: Copyright [chrispictures] /Depositphotos.com
You can find the current ones here Livestream-Consequences. More from Web3, NFT and Metaverse
Do you already know our new business magazine “Paul F“? Now at Readly read. A free excerpt from Paul F is available at United Kiosk. You can also find the current issue in the reading circle of Sharemagazines.
2023-04-29 17:26:18
#Fitch #cuts #Frances #credit #rating #notch
