Macron Dodges Debt Warning as Rating Firms Hold Views on France
- Moody’s and Fitch maintain stable outlooks and credit grades
- Finance minister says will get deficit under 3% GDP by 2027
Emmanuel Macron
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
Emmanuel Macron avoided a reprimand of his stalling efforts to tackle France’s bloated debt burden as two rating firms kept their assessments of the country’s creditworthiness unchanged.
Both Moody’s Ratings and Fitch Ratings made no changes to their outlook or grade of France on Friday, when they had scheduled possible action.