S & P confirms the rating of France but the government is too … – Le Figaro

GRAPHICS / VIDEO – The U.S. rating agency maintained Friday notes evaluating the credit worthiness of France, praising the efforts of reform, even if it doubts the capacity to meet its Paris targets on deficits and employment.

Relief, Standard and Poor’s has not downgraded France. The rating agency “confirms the long-term rating ‘AA’ and short-term ‘A-1 +’ foreign and local currency it gives to the French Republic,” a statement said. The long-term rating, the best known, and is the third best in the gradation of S & P. ??

It also maintains a “stable” outlook for these ratings, which means that “factors of risk to the credit quality of France are balanced, and the possibility of an increase or a downgrade in the next two years is less than one in three. “

Standard and Poor’s also written that lower burdens on businesses contained in the “Stability Pact” is a “positive factor” and believes that the current government “clearly stands out” by his efforts to reduce spending while that he “seems to progress towards structural reforms to improve the business environment.”

“The plan to reduce the cost of labor and corporate taxation may enhance the competitiveness and potential growth of the economy in the medium term, “even though in the short term” effect on growth is uncertain because it depends on the evolution of investment spending by the private sector and how it will compensate or not decline in public spending, “Judge agency

Bémol however, Standard & Poor’s considers the French government too optimistic on deficit reduction, writing in a statement.” We expect the deficit reach 3.8% of Product

Pact measures “may not be sufficient to boost employment”

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Gross in 2014 and decline to 2.7% in 2017 “, where Paris hopes to reach a ratio of 1.3% in 2017.

In addition, measures of” Covenant may be insufficient to boost employment, “is the primary objective of the Covenant of responsibility, says Standard & Poor’s.

The rating agency had downgraded the end of 2013 France by one notch to” AA ” . A year and a half earlier, France had lost its “AAA”, the highest of the credit rating agency.

IN VIDEO – For Marie Visot, reporter service economy Figaro , maintaining the rating of France by Standard & Poor’s was “the decision was expected. “