Debt: Bercy suspended following the decision of Standard and Poor’s

2023-05-19 07:01:11

This is a sign that says a lot about the change in budgetary times for the French state. As at the time of the sovereign debt crisis a little over ten years ago, the government has its eyes once again riveted on the timetable for the publication of the ratings of the rating agencies. At Bercy, everyone has checked the date of June 2 in their calendar, when Standard and Poor’s (S & P’s) must update its judgment on the French debt.

Fitch’s first salvo at the end of April – with a downgrading of the rating – had been put into perspective by the executive. But it will be difficult to hide if S & P’s – with a higher weight in the hierarchy of rating agencies, like Moody’s – raises its voice in turn.