A Painful Decision Is Being Made: a Downgrade Threatens the EU's Second Largest Economy
5 Articles
5 Articles
Credit rating agency Moody's said in an analysis released on Friday that the chances of France's 2027 budget being approved are extremely uncertain, while the upcoming presidential election and the expected political fragmentation that will follow could further complicate fiscal consolidation, Reuters reported.
Deficit, debt, bonds and political deadlock are shaking investor confidence in Emmanuel Macron. Moody's pessimistic - What will the ECB do.
On 2 October, Moodys considered the adoption of the French budget 2027 to be very uncertain, three weeks from its next review of the note. The agency retains the Aa3 for the time being with a negative perspective, while the government must convince Parliament to validate a deficit trajectory at 5% of GDP.
Strong doubts about the French government's ability to proceed with substantial fiscal consolidation by
Moody's is set to review its French credit rating at the end of the month.
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