France's Credit Rating Downgraded by S&P, Raising Economic Concerns

The downgrade from AA to AA- highlights fiscal challenges and political ramifications for Macron's government.

S&P's downgrade reflects concerns over France's rising debt and budget deficit projections.
The decision comes ahead of European elections, complicating Macron's political landscape.
Opposition parties, including Marine Le Pen's National Rally, are using the downgrade to criticize Macron.
Finance Minister Bruno Le Maire defends the government's economic strategy amid the downgrade.
France's debt-to-GDP ratio is projected to reach 112% by 2027, up from 109% in 2023.