France’s Credit Rating Cut by Fitch to ‘AA’; Outlook Stable
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France’s credit rating was cut to AA by Fitch Ratings, which said the downgrade reflected the absence of a material improvement in the nation’s public debt dynamics and slippage in the budget deficit targets.
The nation’s long-term foreign- and local-currency grade was previously AA+, Fitch said today in a statement. The outlook is stable, according to the rating company.