S & P confirmed the rating of France – Le Figaro

No real surprise, Standard & amp rating agency; Poors confirmed today the AA rating of France and its negative outlook.

Despite lower public deficits in 2015, risks remain for the stabilization of the debt of France, in an uncertain economic recovery environment, low inflation and possible fiscal slippages at the approach of the presidential election justified S & amp; P in a statement. The rating agency said that the “negative” outlook means there is a risk three to the long-term rating of France is lowered this year.

This outlook reflects the risk that the budget deficit does not shrink as much as expected “either because of dérapagesbudgétaires in pre-election period, if the economic recovery is not confirmed, as we expect, particularly in the case of external conditions less favorable (inatendue rise in oil prices and appreciation of the euro stronger than expected) or sagging investor confidence due to the persistence of the risks of emerging or the possibility of a Brexit “.

S & amp; had P downgraded last note of France in November 2013, making the move from AA + to AA and had revised its outlook from “stable” to “negative” in October 2014.