PARIS (Reuters) – The Fitch rating agency maintained France’s credit rating at “AA-” on Friday, estimating in particular that France benefits from a “large, rich and diversified economy, strong and efficient institutions and recognized macro-financial stability.
In a press release released Friday evening, Fitch however judged that French public finances, and in particular the high level of public debt, constituted a weak point.
The agency revised its forecast for gross domestic product (GDP) growth in 2024 to +1.1%, from +1.3% previously, due to weaker demand and net trade. slightly weaker.
Fitch expects GDP growth to reach 1.7% in 2025, driven by the recovery in private consumption.
The rating agency lowered France’s credit rating to “AA-” in April, estimating that the political and social context could complicate the reduction of public spending.
(Writing by Camille Raynaud, edited by Kate Entringer)
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