Rating Agencies Doubt France's Target To Cut Massive Debt
International Business Times UK -

Two major ratings agencies left their assessment of France's huge debt pile unchanged Friday, but cast doubt on the government's debt reduction target.Moody's maintained France's sovereign rating at "Aa2" with a stable outlook. Fitch, which downgraded its rating for France last year, left it unchanged at "AA-" with a stable outlook.France's public deficit widened to 5.5 percent of GDP in 2023, overshooting the government's 4.9 percent target. And with the debt stock equal to 110.6 percent of...

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