Standard & Poor’s downgrades France’s rating from AA- to AA

Standard & Poor’s downgrades France’s credit rating from AA to AA They leave the outlook stable. The reduction is due to the deterioration of the budget situation.

• He says the reduction reflects expectations that France’s general government debt as a share of GDP will rise
• It leaves the French economy and public finances overall behind and will continue to benefit from the structural reforms implemented over the past decade
• They say they expect the French economy to rebound from the second half of 2024

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