Standard & Poor’s downgrading of France’s credit rating on Friday is a hammer blow to President Macron’s reputation. The ratings agency has reduced France from AA to AA-, putting it on a par with the Czech Republic and Estonia and one notch below the UK. It is the first time S&P has downgraded France’s debt since 2013, although the firm Fitch did so in April 2023.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in