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Fitch Affirms France at 'AA'; Outlook Stable
Fitch Ratings has affirmed France's Long-Term F oreign-Currency Issuer Default Rating (IDR) at 'AA' with a Stable Outlook. France's ratings are underpinned by a large, wealthy and diversified economy, strong and effective civil and social institutions and a track record of macro-financial stability. The ratings also benefit from strong financial flexibility, helped by the persistently loose financing conditions in the eurozone, and the access to deep and liquid capital markets as a core eurozone member. However, public finances, and particularly the high level of government debt, remain a rating weakness relative to ... (full story)