<picture class="article__media"> <img src="https://img.lemde.fr/2023/08/01/0/0/4256/2832/664/0/75/0/ecdbfb8_e2505d6f7d514cf0a43df28a72fe85c2-0-57994ce231a64d8f8dcdc626630d71c5.jpg" alt="Images Le Monde.fr" width="100%" height="auto"> </picture> <noscript> <img src="https://img.lemde.fr/2023/08/01/0/0/4256/2832/664/0/75/0/ecdbfb8_e2505d6f7d514cf0a43df28a72fe85c2-0-57994ce231a64d8f8dcdc626630d71c5.jpg" alt="This photo shows signage for Fitch Ratings, Sunday, October 9, 2011, in New York. "> </noscript> <figcaption class="article__legend" aria-hidden="true">This photo shows signage for Fitch Ratings, Sunday, October 9, 2011, in New York. HENNY RAY ABRAMS / AP </figcaption>

Fitch downgraded France's credit rating on Friday, September 12, from "AA-" to "A+", as President Emmanuel Macron struggles with political instability and deep disagreements on how to put the country's strained public finances in order.

"The government's defeat in a confidence vote illustrates the increased fragmentation and polarization of domestic politics," Fitch said. "This instability weakens the political system's capacity to deliver substantial fiscal consolidation," added the US ratings agency.

<div class="catcher__content">Read more Subscribers only <a href="https://www.lemonde.fr/en/politics/article/2024/10/12/fitch-issues-warning-on-france-s-credit-rating_6729182_5.html" class="js-article-read-also catcher--favoris__link" data-premium="1">Fitch issues warning on France's credit rating</a> </div>

Le Monde with AFP

'The government's defeat in a confidence vote illustrates the increased fragmentation and polarization of domestic politics,' Fitch stated as France was downgraded from an 'AA-' to 'A+' rating on Friday.{ai:summary}Fitch downgraded France's credit rating from AA- to A+ on Sept. 12, 2011.The downgrade comes amid political instability and fiscal splits; Fitch says a confidence-vote defeat signals fragmentation and weakens the drive for fiscal consolidation. #economy

Fitch downgrades France's credit rating

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