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ICYMI - Fitch downgraded France to "AA-" down from from "AA", Outlook stable

Late on Friday, Fitch announced it ha downgraded France. Fitch cited, the following key rating drivers and their relative weights (these are just the headline summary, more details can be found here):High:Weak Fiscal MetricsExpenditure Rigidities; Uncertain Revenue TrajectoryHigh Government DebtHigher Interest ExpensesMedium:Weaker GrowthSocial Unrest Complicates Policy-Making--At the margin this'll be a negative for the euro. This article was written by Eamonn Sheridan at www... Read More

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Icymi

Fitch

Downgraded

France

Aa

Down

From

Outlook

Stable

Forex

Posted: Apr 30 2023, 20:46

Author Name: forexlive

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