2023-10-20 14:01:27
The rating agency currently gives Paris a rating of Aa2, the equivalent of 18 out of 20, with a stable outlook. Mike Segar/REUTERS
ANALYSIS – The Moody’s agency gets the ball rolling this Friday evening. Fitch will follow next week and S&P in early December.
Already the return of exams for France. At the end of the day Friday, Moody’s will deliver its new verdict on the solidity of French debt. The rating agency currently gives Paris a rating of Aa2, the equivalent of 18 out of 20, with a stable outlook. Will the content of the finance bill for 2024 encourage its analysts to revise this assessment downward? No one would take the risk of making a formal decision before publication.
The Moody’s press release is awaited with all the more excitement as it could set the tone for the rest of the operations. The other agencies will in turn submit their copy in the coming weeks: Fitch on October 27, then Standard & Poor’s (S&P), the largest of these institutions, on December 1. These deadlines are written in capitals on the agendas at Bercy: a deterioration of the ratings can affect the appreciation of international investors vis-à-vis French sovereign bonds.
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