To the list of challenges facing President Emmanuel Macron after raucous nationwide demonstrations over his pension measures, add a new one: a cascade of warnings over France’s finances.
On Friday, S&P Global cautioned that it still had a negative outlook on France’s creditworthiness.
S&P Global maintained its investment-grade credit rating for France, a decision that Mr. Macron’s government had eagerly awaited.
But in restating a negative outlook first published in January, the ratings agency cited concern about France’s ability to rein in its public finances amid already elevated general government debt.
And it added to concern among analysts about Mr. Macron’s ability, in a tense social and political climate, to move forward with his efforts to lift the country’s competitiveness and growth.
Persons:
Emmanuel Macron, Macron’s
Organizations:
P Global, France