Fitch strips France of its 'double A' rating

9 hours ago

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Fitch downgraded France's public debt rating from AA− to A+ due to persistent public deficit, rising debt, and political instability.
France lost its 'triple A' rating in 2012 and 2013, and now loses its 'double A' status for the first time.
France is now rated the same as Estonia, Malta, Saudi Arabia, and China, falling behind Germany and other eurozone 'triple A' countries.
New Prime Minister Sébastien Lecornu faces immediate pressure to address budget issues and public finances despite lacking a parliamentary majority.

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