Credit Rating
S&P downgrades France's rating to A+ due to fiscal uncertainty
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Rating agency S&P Global Ratings downgraded France's sovereign rating from AA- to A+ on Friday, October 17, citing high uncertainty over public finances despite the 2026 budget proposal. The move, expected but earlier than scheduled, primarily punishes ongoing political instability. The government reaffirms its commitment to deficit reduction.
S&P downgrades France's sovereign rating from AA- to A+
Standard & Poor's rating agency downgraded France's sovereign rating from AA- to A+ on Friday evening, citing persistent uncertainty over public finances despite the 2026 budget proposal. This anticipated decision, the third in a year, is largely attributed to the suspension of pension reform. Economy Minister Roland Lescure sees it as a call for lucidity and collective responsibility.
Agusto & Co. affirms Abbey Mortgage Bank's A3 rating
Rating agency Agusto & Co. has affirmed the 'A3' rating for Abbey Mortgage Bank. This affirmation highlights the bank's stable financial position as reported by THISDAYLIVE.