Fitch Ratings affirms France’s sovereign debt rating at 'AA'

Market news

13 June 2016

Fitch Ratings affirms France’s sovereign debt rating at 'AA'

Fitch Ratings has affirmed France's sovereign debt rating at 'AA' on Friday. The outlook is stable.

"France's ratings balance a wealthy and diversified economy, track record of relative macro-financial stability, strong and effective civil and social institutions with a high general government debt/GDP ratio and fiscal deficit," Fitch said in its statement.

The agency expects the French economy to expand 1.4% in 2016 and 2017.

Fitch expects France's government deficit to decline to 3.3% of GDP in 2016 and 2.9% in 2017 from 3.6% in 2015.

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