France: S & P confirmed its rating ‘AA’, outlook negative. – L’Express

Standard & amp; Poor’s confirmed Friday the notes ‘AA’ long-term and ‘A-1 +’ short-term in France, while maintaining perspective ‘negative’.

According to S & amp; P, the strength of French institutions and the economy continues to support the State’s credit quality and the government will probably maintain its course of gradual economic reforms and ‘significant’ and its fiscal path.

The rating agency said, however, retain a perspective ‘negative’ face to what it believes is a risk of performance for fiscal and structural reforms.

S & amp; P is concerned that the government commitment to deepen the reform process weakens as the modest cyclical economic recovery is strengthening and that the presidential elections are approaching.

The outlook ‘negative’ indicates that the possibility of lowering the long-term rating this year or next year is at least one in three.

S & amp; P recalls that it would likely lower its rating if the budget deficit did not decrease as expected

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