S&P maintains France's sovereign debt rating at A+

Rating agency S&P chose Friday evening to keep France's rating at A+ with a stable outlook. The decision follows a one-notch downgrade in October last year.

The American agency thus aligns with Fitch, which also kept the rating at A+ with a stable outlook a few weeks ago. Moody’s retains its Aa3 rating, unchanged since April.

The Economy Ministry stated that Roland Lescure took note of the decision. Bercy recalled that the government remained committed to reducing the public deficit and debt to ensure the financial solidity of the economy.

In 2025 the deficit was limited to 5.1% of GDP, against 5.4% expected. The European Commission now projects a level around 5.1% for 2026. The agencies are due to issue their next verdicts in the autumn.

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