The agency has flagged governance challenges and ballooning liabilities in its latest sovereign review
S&P Global has downgraded France’s long-term credit rating from AA- to A+, warning that rising debt and political tensions threaten the government’s ability to reduce its budget deficit. The agency also revised France’s outlook to ‘stable’ on Friday.
S&P expects France’s government debt to reach 121% of GDP in 2028, compared with 112% at the end of last year, the agency said. The country has struggled to rein in spending while dealing with political turbulence. Prime Minister Sebastien Lecornu recently survived two no-confidence votes in…
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