Ratings agencies Moody's and Fitch keep France's ratings unchanged due to uncertainty over debt reduction target.

Ratings agencies Moody's and Fitch maintain unchanged ratings for France amid doubts over the government's debt reduction target. France's public deficit reached 5.5% of GDP in 2023, surpassing the government's 4.9% target, with debt at 110.6% of GDP, the third highest in the EU. The French government aims to bring debt below 3% of GDP by 2027, but both agencies express uncertainty.

April 26, 2024
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