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2026-10-31 08:40:24
[Fitch Downgrades France's Rating Outlook to Negative, Fiscal Situation Deteriorates] ⑴ Fitch has revised its outlook on France's credit rating to negative, highlighting the country's difficulties in consolidating public finances. ⑵ In a statement Friday evening, Fitch said the off-schedule adjustment reflects a deterioration in the situation since its August 2026 assessment, including weaker economic growth, rising borrowing costs, and a widening deficit. ⑶ The agency said these factors have further exacerbated already weak debt dynamics, and continued political divisions and a challenging social environment have increased the difficulty of achieving sustained fiscal consolidation. ⑷ Fitch maintained France's A+ rating, placing it on par with Portugal and Belgium, six notches above junk status.
