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S&P Global Ratings downgraded France, dealing another blow to the country’s credibility as a weakened minority government struggles to pass legislation to tackle a swelling debt burden. In an unscheduled move, the firm cut France to A+ from AA-, saying that the country’s budget uncertainty “remains elevated” despite the submission of a 2025 draft budget. […]
S&P Global Ratings downgraded France, dealing another blow to the country’s credibility as a weakened minority government struggles to pass legislation to tackle a swelling debt burden.
In an unscheduled move, the firm cut France to A+ from AA-, saying that the country’s budget uncertainty “remains elevated” despite the submission of a 2025 draft budget.
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