Fitch downgrades France's credit rating in new debt blow | Business

PARIS, Sept 13, 2025 (BSS/AFP) - The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order. The US ratings agency, one of the top global institutions gauging the financial solidity of sovereign borrowers, downgraded France on its ability to pay back debts, from "AA-" to "A+". It also said France's debt mountain would keep rising until 2027 unless urgent action was taken. The move comes just four days after Francois Bayrou resigned as prime minister after losing a parliamentary confidence vote over an attempt to get an austerity budget adopted. He had sought major spending cuts in the budget in...