Part-PAR-Par8034127-1-1-0

Fitch downgrades France's credit rating

General view of the Champs-Elysees avenue in Paris, on November 20, 2014Ratings agency Fitch cut France’s credit grade by one notch to “AA” on Friday, saying Paris’s efforts to trim its fiscal deficit have fallen short to avoid a downgrade. “The weak outlook for the French economy impairs the prospects for fiscal consolidation and stabilizing the public debt ratio,” Fitch said. The AA grade — two steps below the top triple-A rating — was decided despite France having reduced its projected deficit for fiscal 2015 to 4.1 percent of GDP, down from 4.3 percent, under pressure from the European Commission. “On its own, this will not be sufficient to significantly change Fitch’s projections of France’s government debt dynamics,” the agency said.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article