Debt: Fitch downgrades France's rating, losing its "double A" rating
Published on Reading time: 3 min
Fitch downgraded France's rating on Friday, September 12. JEAN-MARC BARRERE / Hans Lucas/AFP
On Friday evening, September 12, Fitch downgraded France's sovereign rating from AA- to "A+ with stable outlook." This "punishment" was already anticipated by the markets and could increase mortgage rates in the future and further reduce the country's fiscal room for maneuver.
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I subscribeFitch, one of the world's three leading rating agencies, downgraded France's sovereign debt rating from AA- to "A+ with stable outlook" on Friday evening, September 12. This is the first time that France, which lost its historic AAA rating in 2012 , has been given a "simple" rating.
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