Tag Archives: S&P downgrades French credit rating in blow to Macron

PARIS: Ratings agency Standard & Poor’s downgraded France’s credit score on Friday citing a deterioration in the country’s budgetary position, a blow to Emmanuel Macr­on’s government days bef­ore EU parliamentary elections. In a statement, the American credit assessor justified its decision to drop France’s long-term sovereign debt rating from “AA” to “AA-” on concerns over lower-than-expected growth. It warned that …

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