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.