Rating Agencies Doubt France's Target to Cut Massive Debt
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#d044f1de ver:0.07

Rating agencies Moody's and Fitch doubt France's ability to cut its massive debt, as the country's public deficit widens and the government's target is missed. France's debt is currently 110.6% of GDP, the third-highest in the EU. The government aims to bring it below 3% by 2027, but both agencies are skeptical. Moody's predicts debt could reach almost 115% of GDP by then, while Fitch cites unspecified deficit narrowing measures. French Finance Minister Bruno Le Maire remains determined to restore public finances and meet the objective. #France #debt #ratingagencies...

#newstr #France #Debt #RatingAgencies #Deficit #Gdp 

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