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Fitch Affirms France at 'AA'; Outlook Stable
Fitch Ratings has affirmed France's Long-Term foreign and local currency Issuer Default Ratings (IDR) at 'AA' with Stable Outlooks. The issue ratings on France's unsecured foreign and local Long-Term and Short-Term currency bonds have also been affirmed at 'AA/F1+'. Fitch has affirmed the Short-Term foreign and local currency IDRs at 'F1+' and the Country Ceiling at 'AAA'. KEY RATING DRIVERS The affirmation and Stable Outlooks reflect the following factors: France's ratings balance a wealthy and diversified economy, track record of relative macro-financial stability, strong and effective civil and social institutions ... (full story)