Economics
France Outlook Revised to Negative by Fitch Amid Coronavirus
- Worsening of public finances and economic activity cited
- Real gross domestic product expected to drop 7.0% this year
Travelers stand near social distancing floor markers on a train platform at Chatelet-Les-Halles metro station station in Paris on May 12.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
France is at higher risk of a credit downgrade by Fitch after the outlook on the country’s AA rating was revised to negative.
Fitch cited the substantial worsening in public finances and economic activity expected this year due to the pandemic.