The agency welcomes advances such as the pension reform but maintains the "negative" outlook. "This maintenance of the credit rating is mainly due to the revision of the government's fiscal consolidation strategy," the private US company said in its report.

It invokes improvements such as pension reform and the planned end of energy aid in response to lower hydrocarbon prices. Just a few minutes after the news, Bruno Le Maire did not hide his joy in the columns of the JDD: "This decision is a positive signal"