France Avoid S&P Credit Downgrade But Concerns Persist [Barron's]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Barrons
Leading ratings agency Fitch in April lowered its rating on France's debt, which is approaching three trillion euros ($3.2 trillion). It pointed to the country's hung parliament and public protests as risks to plans by President Emmanuel Macron to cut government spending. But influential rival S&P Global on Friday maintained its "AA" rating when it updated its advice, dispelling fears France could face another downgrade over its chronic overspending that last saw a government run a budget surplus in the 1970s. The agency said the decision to maintain the rating level was "mainly due the government's revised budgetary consolidation strategy", as well as recently implemented labour market and pension reforms. "I take note of Standard & Poor's decision to leave France's debt rating unchanged", French Finance Minister Bruno Le Maire said in an interview with Le Journal du dimanche weekly. "It's a positive signal. Our public finance strategy is clear. It is ambitious. And it is
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/6/24 - Form 8-K
- 4/26/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- SPGI's page on the SEC website