The Fitch rating agency delivered a bittersweet comment this Tuesday on the difficult French budgetary situation. Unlike Standard
They take the opportunity to give some clarifications on the content of their next verdict, expected by the end of the month. “ However, any further negative rating action would be contingent on a further significant worsening of public debt, which we consider unlikely, as reflected in the stable outlook,” the agency wrote.
On Fitch's side, it is therefore not a deterioration of its rating, but a possible downgrading of its outlook that Paris seems to have to fear. The agency puts forward some arguments in this direction. “France's public debt level is the second highest among sovereign states in the “AA” category and we expect it to gradually increase to reach almost 113% of GDP by the end of 2025, i.e. more than double the median predicted for the “AA” category, which is 51.3 % , specifies its press release.
On the same day as Fitch, April 26, Moody's will also deliver its verdict on France. Followed, a month later, by Standard