Fitch Ratings Downgrades France's Sovereign Credit Rating Outlook
Recently, international rating agency Fitch Ratings released a report maintaining France's long-term foreign currency issuer default rating at "AA -" and adjusting its rating outlook from "stable" to "negative". This report was released after the French government proposed the 2025 budget draft on the 10th. The report points out that since Fitch released its last assessment in April, France's fiscal policy risks have increased, and it is expected that government debt will climb to 118.5% of GDP by 2028.
