Standard & Poor’s renews confidence in the French economy

Saturday 30 May 2026 - 16:30

The international credit rating agency Standard & Poor’s has reaffirmed its confidence in the French economy by maintaining France’s sovereign credit rating at A+ with a stable outlook. This decision follows a previous downgrade issued in October, but reflects recent improvements in fiscal management and economic stability.

According to the agency, the French government has made notable progress in controlling public finances. The public deficit is expected to reach around 5.1% of GDP in 2025, a better result than earlier government projections. This trend suggests a gradual but steady effort to restore fiscal balance while maintaining economic activity.

French Minister of Economy Roland Lescure reiterated the government’s commitment to continuing budgetary consolidation. He emphasized that reducing both the deficit and public debt remains a priority in order to strengthen long-term financial stability and enhance the competitiveness of the national economy.

Overall, the confirmation of France’s rating signals cautious optimism from financial markets, highlighting the country’s resilience despite ongoing economic challenges in Europe.