Fitch downgrade casts shadow over new French prime minister's budget battles

Fitch’s downgrade of France’s credit standing has forged a pall over newly put in Prime Minister Sebastien Lecornu as he begins talks to draft a price range, whereas unions plan strikes over spending cuts and employers protest in opposition to the specter of tax hikes. Citing political instability and rising debt, Fitch minimize its score late Friday to A+ from AA-, giving France its lowest credit score rating on file simply days after President Emmanuel Macron tapped Lecornu to be his fifth prime minister in two years.



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