![](https://internationalbanker.com/wp-content/uploads/2024/07/Elysee-Palace.png)
S&P’s Downgrade Reflects France’s Fragile Fiscal Position
1 By Cary Springfield, International Banker On May 31, S&P Global Ratings lowered its long-term sovereign credit rating for France to ‘AA-‘ from ‘AA’, largely in response to the government’s failure to manage its public finances sufficiently amid its …