Fitch downgrades France rating to AA

GMT 22:11 2014 Friday ,12 December

Arab Today, arab today Fitch downgrades France rating to AA

General view of the Champs-Elysees
Washington - AFP

Ratings agency Fitch cut France's credit grade by one notch to "AA" on Friday, saying Paris's efforts to trim its fiscal deficit have fallen short to avoid a downgrade.
"The weak outlook for the French economy impairs the prospects for fiscal consolidation and stabilizing the public debt ratio," Fitch said.


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