2023-05-27 05:36:24
She is also unconvinced of the trajectory of reducing the public deficit and debt, due to a “poor track record in terms of budgetary consolidation, a growing debt interest burden and risks linked to implementation of the reform program”. These risks are linked to “the absence of a majority in Parliament” and to “socio-political disputes”, citing in particular the disputes once morest the pension reform.
Rating downgraded by Fitch
Founded in 2011, Scope Ratings is headquartered in Germany with branches in the UK, Italy, France and Norway. At the end of April, the Fitch rating agency, one of the three largest in the world, downgraded France’s rating, due to the risk posed by “the political impasse and the (sometimes violent) social movements” on the desired reforms. by Emanuel Macron. A week earlier, the Moody’s agency had not made a rating. The S&P Global agency, which currently gives France an ‘AA’ rating with a negative outlook, is due to publish its findings on June 2.
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