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Fitch Revises France's Outlook to Negative; Affirms at 'AA'
Frankfurt am Main - 15 May 2020: Fitch Ratings has revised the Outlook on France's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'AA'. The revision of the Outlook reflects the following key rating drivers and their relative weights: High The revision of the Outlook reflects the substantial worsening in public finances and economic activity expected this year due to the COVID-19 pandemic. The combination of much reduced economic activity due to containment measures introduced from March and government policies to support the economy in the period of enforced ... (full story)