The credit rating had been downgraded from “AA +” to “AA” Fitch said in London on Friday evening. The outlook is stable. The outlook for the state budget are hazy, there was a lack of reforms, a statement said. Fitch France had threatened mid-October with a downgrade.
The debt-ridden euro State France was recently invited by the euro group to save, to comply with the requirements of the Euro Stability Pact. “More (savings) measures are necessary,” euro group chief Jeroen Dijsselbloem said last Monday in Brussels at the edge of deliberations of euro zone finance ministers.
Paris since 2009 under the excessive deficit procedure
The department heads thus followed the EU Commission, which had granted a period to March 2015 November France, Italy and Belgium to bring their budgets for the coming year in order. Since Paris is the excessive deficit procedure since 2009. France ultimately threaten penalties in the billions.
“AA” is the third-highest credit rating by Fitch. S & amp; P is the second largest euro-economy also has the third-highest rating of “AA”. Moody “s France has the second best grade of” AA1 “
Video:. Karlsruhe – draft budget presented
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