S&P cuts France to AA- to AA ...Middle East

S&P cuts France credit rating to AA - from AA. They leave the Outlook stable. The downgrade is on deterioration of budgetary position.Says that the downgrade reflects projection that France's general government debt as a share of GDP will increasehe leaves French economy and public finances overall will continue to benefit from structural reforms implemented over the past decadeSays that they expect the French economy will pick up from the second half of 2024 This article was written by Greg Michalowski at www.forexlive.com.

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