Fitch Revises France Outlook to Negative
Story updates
09:18:21 PM UTC
SquawkNews
Credit ratings agency Fitch on Friday revised France's outlook to "negative" from "stable", citing weaker growth, higher borrowing costs, wider budget deficit, and warned that political fragmentation could hamper sustained fiscal consolidation.
09:23:33 PM UTC
SquawkNews
BRIEF-Fitch Revises France's Outlook To Negative; Affirms At 'A+' Oct 30 (Reuters) - Fitch: FITCH RE
09:43:12 PM UTC
SquawkNews
By Stephen NakrosisFitch Ratings said it was lowering its outlook on France's credit rating to negative from Stable, while affirming the country's A+ ratings.The move comes as France faces economic and social pressure over its debt and growing borrowing costs. In recent weeks, hundreds of thousands…