Ratings agency S&P upheld its “AA-/A-1+” credit rating for France on Friday, maintaining a stable outlook despite the country’s mounting debt and political instability. While the agency acknowledged delays in fiscal reforms, it expressed confidence in…
The ratings agency cited “increasing risk” over the country’s debt and deficit.
Germany’s proposed revision of its Federal Data Protection Act (BDSG) would allow automatic credit scoring, a common practice that is currently in legal muddy waters.
S&P and Moody’s cut ratings by five notches as utility struggles to refinance
Moody’s upgraded Kazakhstan’s long-term credit rating from Baa2 to Baa1 with a “stable” outlook – the highest rating the agency has assigned to the country since its independence.
Russian military intensifies pressure on key Ukrainian transport hub of Pokrovsk; Kyiv receives bodies of 250 slain soldiers in exchange with Moscow. What we know on day 892See all our Ukraine war coverageRussian assaults are raising pressure on the st…
Markets will certainly make their position known if politicking threatens to stretch public finances.
The leader of France’s National Rally reignited market unease after hinting that a major fight with the EU is still on the cards.
The rise of the far right is sending tremors through financial markets and could push French debt deeper into the danger zone.
French Economy and Energy Minister Bruno Le Maire claimed to have “saved the French economy” after the COVID pandemic and the war in Ukraine after Standard & Poor’s Global Ratings downgraded the country’s credit rating on Saturday.
Standard & Poor’s cut its rating on France’s sovereign debt on Friday (31 May), delivering a painful rebuke of the government’s handling of the strained budget days before an EU parliamentary election.
Finance Minister Bruno Le Maire said the downgrade was the price to pay for bolstering the economy with public support during the pandemic and the inflation crisis.
S&P warns debt ratios will only worsen in coming years and put Paris’s 2027 target for controlling deficit out of reach
Credit rating agency Moody’s is ready to look into the potential credit score implications of the European Investment Bank’s expected expansion into a broader range of defence and military assets, Euractiv understands.
