S&P Global Ratings downgraded France's credit rating to AA- due to rising debt levels.
S&P Global Ratings downgraded France's credit rating from AA to AA- due to rising debt levels, expected to remain above 3% of GDP in 2027. Despite forecasted reforms and economic growth, France's government debt as a share of GDP is predicted to rise to 112% by 2027, up from 109% in 2023. The downgrade places France seven notches above junk on S&P's scale, alongside the Czech Republic and Estonia.
May 31, 2024
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