The agency says social unrest over pensions could limit the government’s ability to pass new structural changes Rating agency Fitch has downgraded France’s sovereign credit rating, warning that public resistance to a recent pension reform could take a toll on the economy. The agency lowered the rating from “AA” to “AA-,” with a stable outlook. The downgrade means France is considered a more risky venture for investors, which could lead to higher borrowing costs. “Fitch believes that social and political pressures illustrated by the protests against the pension reform will complicate fiscal consolidation,” the agen
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