Fitch Ratings has downgraded France’s sovereign credit rating to A+ from its previous A- rating. This decision reflects concerns regarding political instability and the nation’s escalating debt levels. Fitch cited these factors as significant risks to France’s financial stability. The downgrade signifies a deterioration in France’s creditworthiness and potential impact on international investment. Fitch’s assessment considers the current political climate and fiscal challenges facing the French government.
Credits: The Straits Times World News