Core Viewpoint - Fitch Ratings has downgraded France's long-term foreign currency issuer default rating from "AA-" to "A+" with a stable outlook, citing ongoing political turmoil and delays in budget legislation as key factors [1]. Group 1: Rating Downgrade - The downgrade is attributed to increased political division and polarization in France, which undermines the country's ability to implement significant fiscal reforms [1]. - The political deadlock is expected to persist until after the 2027 presidential elections, further constraining short-term fiscal adjustment [1]. Group 2: Debt and Economic Forecast - Fitch projects that France's debt will continue to rise, potentially reaching 121% of GDP by 2027, which will weaken the country's capacity to withstand economic shocks [1]. - As of the first quarter of 2025, France's public debt has already reached €3.345 trillion, accounting for 114% of GDP [2]. - The forecast for actual GDP growth remains unchanged at 0.6% for 2025, 0.9% for 2026, and 1.2% for 2027, with domestic demand expected to support growth despite external pressures [1].
【环球财经】惠誉下调法国主权信用评级
Xin Hua She·2025-09-13 04:26