FRANCE FACES FITCH DOWNGRADE RISK
Fitch Ratings may cut France’s AA- rating with negative outlook in its review Friday, according to Natixis economist Hadrien Camatte, who puts downgrade odds at 55%.Markets are watching closely as France grapples with worsening fiscal conditions and political instability. President Macron appointed Sebastien Lecornu as prime minister after a budget-related confidence vote toppled the prior government, but the new cabinet has limited power to pass fiscal reforms.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments