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    13.06.2016 13:16 Fitch Ratings affirms France’s sovereign debt rating at 'AA'

    13.06.2016 13:16

    Fitch Ratings affirms France’s sovereign debt rating at 'AA'

    Fitch Ratings has affirmed France's sovereign debt rating at 'AA' on Friday. The outlook is stable.

    "France's ratings balance a wealthy and diversified economy, track record of relative macro-financial stability, strong and effective civil and social institutions with a high general government debt/GDP ratio and fiscal deficit," Fitch said in its statement.

    The agency expects the French economy to expand 1.4% in 2016 and 2017.

    Fitch expects France's government deficit to decline to 3.3% of GDP in 2016 and 2.9% in 2017 from 3.6% in 2015.


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