Fitch Lowers France Credit Outlook to Negative

Fitch Ratings lowered its outlook on France’s credit rating to negative from stable, as the country faces economic and social pressure over its debt and growing borrowing costs.

Fitch said the negative outlook reflects a deterioration since its August review, and cited weaker growth, higher borrowing costs and a wider deficit. These factors are worsening debt dynamics from an already weak starting point, Fitch added.