Fitch Maintains France's 'AA-' Rating but Warns of Negative Outlook

Fitch expresses skepticism over France's ability to meet deficit reduction targets amid rising public debt concerns.

Fitch has retained France's 'AA-' credit rating while issuing a negative outlook, indicating potential future downgrades.
The rating agency is concerned about France's increasing public debt, projected to reach 118.5% of GDP by 2028.
Fitch doubts the French government's plan to reduce the public deficit to 5% of GDP by 2025 and below 3% by 2029.
Political fragmentation and a minority government are seen as obstacles to sustainable fiscal policy implementation.
Upcoming assessments from Moody's and S&P Global are expected, with potential implications for France's economic outlook.