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Bloomberg — Business — France economy — Economics — Debt reduction — Credit rating

France Dodges a Second Downgrade as Macron Plans to Slash Debt

France's AA credit rating maintained by S&P, budget deficit to drop to 3.8% of GDP in 2026. France committed to reducing its debt burden, says Finance Minister Le Maire.

1 min read
  • France avoids second downgrade by S&P, AA credit rating maintained.
  • Budget deficit to drop to 3.8% of GDP in 2026, down from previous forecast.
  • France committed to reducing its debt burden, says Finance Minister Le Maire.
France Dodges a Second Downgrade as Macron Plans to Slash Debt
France dodged a second downgrade by a major ratings firm this year, giving President Emmanuel Macron some reprieve as he seeks to convince investors he can contain a debt burden bloated by years of crisis spending.
BloombergWilliam Horobin

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