Fitch downgrades France outlook
Fitch surprised markets with an outlook downgrade on France.
What we know
FT reports the surprise outlook downgrade.
How the story developed
31 Oct · 10:16 UTC
Fitch surprised markets with an outlook downgrade on France.
31 Oct · 04:14 UTC
Fitch affirmed France's 'A+' rating but revised its outlook to Negative, citing economic slowdown, higher borrowing costs, a wider deficit, and political gridlock complicating fiscal consolidation.
31 Oct · 03:14 UTC
France faces a double fiscal hit: a new internet traffic tax drawing sharp criticism, and Fitch signaling an early sovereign rating review.
Sources
@FT
“Rating agency Fitch hits France with surprise outlook downgrade”
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