Standard Poor International Credit Ranking (SP) has turned the appearance of French credit ratings into negative.
The credit rating agency has announced the assessment of the French economy. The statement declares that French credit ratings in foreign exchange and long-term and short-term local currencies are confirmed as “AA-A-1+”. Pointing out the country's weak public finance, the appearance of lending is translated from stationery to negative. In a statement, it is stated that it is an unbalanced political assistance for the budget consolidation in the country and maintaining the uncertainty of the financial strategy after 2025. The growth of the gross domestic product (GDP) of France is expected to drop to less than 1 % this year, expected to make appearance more difficult. In order to reduce debt ratio compared to GDP, it is emphasized that France must offer the excess of the budget surplus that does not care about since 2001. Supporting political limits for pressure and reforms for public finance, statement saying that the appearance of the class has been revised for this reason.