Ratings agency S&P on Friday maintained its grade for the French economy saying the outlook was ‘stable’ despite the European country’s debt mountain and political troubles.
S&P said it was keeping a ‘AA-/A-1+’ rating for France’s credit ratings. ‘The outlook remains stable,’ it said in a statement.
‘Despite ongoing political uncertainty, we expect France to comply — with a delay — with the EU fiscal framework and to gradually consolidate public finances over the medium term,’ the US ratings agency said. ‘The stable outlook on France reflects balanced risks and strengths,’ said S&P.