Standard & Poor's (S&P) has downgraded France's credit rating from AA to AA-, citing a rise in the budget deficit. The downgrade is seen as a challenge for President Macron's debt management record and could pose economic difficulties ahead. The decision comes just days before EU parliamentary elections and marks the first downgrade in over a decade, impacting France's general government debt and economic forecasts.
In case you missed it: S&P Global has cut its rating on #France by one notch to AA-, below the credit rating level of the UK, citing a larger-than-expected budget deficit. The rating company projects France's debt will rise to 112% of GDP in the next three years, from 109% last… https://t.co/h3yW34hE0b
S&P downgrades France as debt soars more than expected, putting it on par with Czech and Estonian ratings. https://t.co/CcoIBaOFN1
S&P downgraded France to AA- from AA, on par with the Czech Republic and Estonia. Britain still holding onto AA.
🇫🇷 S&P cuts #France's credit rating on deficit overshoot - Reuters https://t.co/3XyG0GMQ4C
NEW: 🇫🇷 S&P downgrades France’s credit score as the country’s general government debt will increase to about 112% of GDP by 2027 from around 109% in 2023. https://t.co/EGPwAczKpC
S&P Lowers France’s Credit Rating to AA- “The catastrophic management of public finances by governments that are as incompetent as they are arrogant has put our country in grave difficulties, with record taxes, deficits and debts”
DOWNGRADED: Macron Suffers MAJOR Political Blow as Standard & Poor’s Cut France’s Long-Term Sovereign Credit Rating From AA to AA− via @gatewaypundit https://t.co/eC8XUCiXBi
S&P #downgrades #France #CreditRating in blow to #Macron https://t.co/47Vo2iy0sP
💲 Ukraine warmongering burns gaping hole in France’s budget French President Emmanuel Macron got a nasty wakeup call on Friday as Standard & Poor's cut its long-term sovereign credit rating from AA to AA−. “France's general government debt as a share of GDP will increase… https://t.co/K3EBTmEXt8
The international rating agency S&P downgraded France's credit rating from AA to AA- amid a budget deficit in 2023 and negative economic forecasts https://t.co/VSL5Lpnjrb
French public debt was downgraded by S&P last week to AA-. NOT what Macron needs! Look behind the headlines with Top Links from Chartbook newsletter. Check it out and sign up here: https://t.co/yp6R2ylnqe https://t.co/CJS1zIYTBd
S&P's decision to downgrade France's credit rating to AA- cant be good for EURO🔻🔻🔻 https://t.co/TKeCczi4EK
Explainer: What S&P's ratings downgrade means for France https://t.co/fipcBRO53M https://t.co/ToaNYffk9Q
⚠️ EXPLAINER-WHAT S&P'S RATINGS DOWNGRADE MEANS FOR FRANCE Full Story → https://t.co/ts80rL3fc7 https://t.co/ti2dOMIY2W
🇫🇷 Ratings agency Standard & Poor's downgraded France's credit score from "AA" to "AA-" on Friday citing a deterioration in the country's budgetary position, a blow to Emmanuel Macron's government days before EU parliamentary elections. https://t.co/ckXpoSvV8N
Ratings agency Standard & Poor’s has downgraded #France’s credit score citing a deterioration in the country’s budgetary position, a blow to Emmanuel Macron’s government days before EU parliamentary elections. https://t.co/q27wVqW9wI
Fitch Ratings downgraded France's credit rating to AA- due to the budget deficit. As for Macron, this is perhaps the darkest day of his term! https://t.co/C4TJgUq4Gu
Global Markets | Europe: S&P cuts France's credit rating on deficit overshoot https://t.co/A1HfqOvUzh
Macron gets a debt reprimand as S&P hits France with a downgrade https://t.co/i45HKj5UdQ via @WHorobin https://t.co/oZxud0s8fB
BREAKING 🚨: France S&P downgraded France's credit rating for the first time in more than a decade due to its rising budget deficit https://t.co/k4vszS9j4v
S&P cuts France's credit rating on deficit overshoot https://t.co/Ny3CQUCw42 https://t.co/luYTZFzNGb
Downgrade to French credit rating stings Macron government https://t.co/EjjhMFRMpV
S&P downgrades France to AA- Not everyone is aware of that but there are loads of regulatory effects which trigger when a rating is below AA- or Aa3 https://t.co/yhdWHgRxnp
France has been downgraded by S&P as President Macron faces a debt reprimand, signaling potential economic challenges ahead.
Ratings agency S&P downgrades French credit score from AA to AA- ➡️ https://t.co/E192ICVuzk https://t.co/X1UxpcTgyg
S&P cuts France to AA- to AA https://t.co/myg4oeApYb
S&P downgraded France, tarnishing President Emmanuel Macron’s record for debt management https://t.co/swEb5a3bYA