2023-12-01 21:32:52
The rating agency S&P Global Ratings maintained France’s credit rating at AA on Friday, December 1, which remains “with a negative outlook” due to a “uncertainty” as to “public finances of France in a context of high, albeit slowly declining, budget deficit and high public debt”.
In a message published onBruno Le Maire welcomed this announcement which, according to him, reinforces France’s public finance policies.
“More than ever, we remain determined to reduce public spending and accelerate France’s debt reduction. Our independence and respect for our national and European commitments are at stake.”said the Minister of Economy and Finance.
S&P had maintained its credit rating on France in June while its colleague Fitch had lowered its rating by one notch a few weeks earlier to « AA- »then worrying about the political and social context, in the midst of contestation over pension reform, likely to complicate the reduction of public spending.
During its last review at the end of October, the Fitch agency also maintained its rating for France.
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