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The France escapes the downgrade of S&P, the rating remains under close surveillance

2023-06-04T17:31:28.253Z

Highlights: 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"


ANALYSIS - The agency welcomes advances such as the pension reform but maintains the "negative" outlook.


This is a big sigh of relief for Emmanuel Macron and his Minister of the Economy, Bruno Le Maire. On the eve of a sunny weekend, all eyes were on Manhattan, home of Standard and Poor's (S&P) headquarters Friday night. The cleaver, so feared in recent months by the executive, has finally not fallen, since the rating agency has decided against all odds to leave to the France its ticket of membership of the club of countries rated "AA". "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. Our financial strategy...

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Source: lefigaro

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