Fitch Moves France Outlook to Negative, Affirms A+ Rating as Debt Rises

Fitch Ratings moved France’s sovereign outlook to negative from stable Friday, Oct. 30, while affirming its A+ rating, as the agency raised its debt projection and the fiscal adjustment it says is needed to stabilize it. The unscheduled review was timestamped 5:10 p.m. ET (21:10 UTC). Fitch cited weaker growth, higher borrowing costs and a wider deficit since its August review. Fitch projects France’s general government debt will reach about 124% of gross domestic product (GDP) in 2028. That compares with 115.7% in 2025 and the agency’s previous 2028 forecast of 122.7%.

Source: TokenPost