France Maintains Credit Rating Despite Economic Challenges

Moody's and Fitch affirm France's credit rating, highlighting concerns over deficit targets and fiscal stability.

Moody's and Fitch maintain France's credit ratings at AA2 and AA- respectively, with stable outlooks.
Credit agencies express doubts about the French government's ability to meet its deficit reduction target of 2.9% GDP by 2027.
France's public deficit widened to 5.5% of GDP in 2023, overshooting the government's target of 4.9%.
Structural reforms are underway to address high unemployment and competitiveness challenges, though significant fiscal hurdles remain.
French Finance Minister Bruno Le Maire emphasizes continued commitment to growth and structural reforms despite the ratings.