Fitch says it will make its decision whether or not to lower the note by Dec. 12, the next scheduled review of the agency for France dates. The rating agency warned it could take action via a downgrade by one notch, if no improvement is observed in the control of public debt after the European Commission will give its opinion on the budget of France. Fitch says it will pay close attention to any new measure of structural reform that would be announced by the Government by December.
France, which will not be able to bring its public deficit below 3 % in 2015, is already in the viewfinder of the two other major rating agencies. Standard and Poor’s issued a warning on Friday to the country, which could see its rating, currently at “AA” down if it did not undertake vigorous reforms and found himself caught in the trap of deflation. For its part, Moody’s maintained mid-September the “Aa1″ of the country, while reaffirming that degradation was not excluded in the future.
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