S&P cuts France to AA- to AA

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S&P cuts France credit rating to AA – from AA. They leave the Outlook stable. The downgrade is on deterioration of budgetary position.

  • Says that the downgrade reflects projection that France’s general government debt as a share of GDP will increase
  • he leaves French economy and public finances overall will continue to benefit from structural reforms implemented over the past decade
  • Says that they expect the French economy will pick up from the second half of 2024

This article was written by Greg Michalowski at www.forexlive.com.



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