France Dodges a Second Downgrade as Macron Plans to Slash Debt [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: (Bloomberg) — France dodged a second downgrade by a major ratings firm this year, giving President Emmanuel Macron some reprieve as he seeks to convince investors he can contain a debt burden bloated by years of crisis spending. Subscribe now to read the latest news in your city and across Canada. Subscribe now to read the latest news in your city and across Canada. Create an account or sign in to continue with your reading experience. Don't have an account? Create Account S&P Global Ratings restated its AA credit rating for the country, saying its wealthy economy and strong institutions underpin its creditworthiness. The outlook on the rating is sill negative. “The negative outlook reflects our view of downside risks to our forecast for France's public finances amid its already elevated general government debt,” analysts from the ratings firm said. “We could lower our sovereign ratings on France within the next 18 months if general government deb
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