S&P kept its AA- rating on France, seven notches above junk and in line with the Czech Republic and Slovenia.
S&P Global Ratings put a negative outlook on its assessment of France’s creditworthiness, underscoring enduring uncertainty over the country’s finances after a prolonged period of political turmoil.
The change in outlook reflects “rising government debt amid weak political consensus for tackling France’s large underlying budget deficits, against a backdrop of more uncertain economic growth prospects,” the ratings firm said in a statement late Friday.
