Should we be worried about a further deterioration in our rating?

2023-06-01 06:30:00

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The rating agency S & P will announce on Friday whether it is downgrading France’s rating by one notch. A decision with serious consequences.

Philippine Robert (with Geraldine Woessner)

Social movements led the rating agency Fitch to downgrade France’s rating in April.
© IBRAHIM EZZAT / ANADOLU AGENCY / Anadolu Agency via AFP

Published on 06/01/2023 at 06:30

Tic-tac… Do you remember that impatience mixed with anxiety when you were waiting for your report card? Well, that’s kind of what the French government is going through! The rating agency S&P Global – formerly Standard & Poor’s – will deliver, this Friday, June 2 at the end of the day, its new assessment of the French public debt.

After the loss of its triple A during the sovereign debt crisis, these deadlines had gradually become non-events for France. Fed to interest rates at the floor and injections of liquidity from the European Central Bank (ECB), France could go into debt without unduly worrying the rating agencies and the markets. The return of inflation and the rise in interest rates have reshuffled the cards. But the…

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