Reported 2 days ago
DBRS has issued a negative outlook on France’s credit rating, citing concerns over its increasing debt burden, political instability, and heightened defense spending demands. The agency maintained France’s AA (high) rating, noting challenges in reducing the fiscal deficit and public debt ratio. The government recently passed a finance bill aiming to lower the deficit to 5.4% of GDP, yet ongoing political tensions and the potential impact of rising defense expenditures may complicate fiscal rebalancing.
Source: YAHOO