Reported about 15 hours ago
S&P Global Ratings has upheld France's credit rating, providing a temporary reprieve for Prime Minister Michel Barnier as he navigates political turbulence and a struggling budget process. Despite a backdrop of uncertainty and increasing political fragmentation, S&P highlighted France's economic resilience driven by labor market reforms and EU membership. However, it warned of potential downgrades if budget deficits remain unaddressed. Barnier aims to pass a budget to reduce the deficit, but faces threats of a no-confidence vote from opposition parties as political tensions rise.
Source: YAHOO