Tags: France | economy | rating | Fitch

Fitch Downgrades France From Top Rating

Friday, 12 Jul 2013 01:33 PM

 

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Ratings agency Fitch downgraded France from the top AAA credit rating on Friday, citing a heavier government debt load and poor prospects for growth.

In slashing France's rating to 'AA +', Fitch became the last of the big three credit raters to knock France off the top perch. Last year Standard & Poor's and Moody's already downgraded France from the AAA club.

© AFP 2014

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