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Radio France Internationale
Radio France Internationale
National
RFI

France risks credit downgrade as new PM tackles budget

France Sebastien Lecornu Fitch Francois Bayrou ING
Will Prime Minister Sebastien Lecornu's first week on the job end with a credit rating downgrade for France? © Bertrand GUAY / AFP

Paris (AFP) – France on Friday risks a downgrade on its ability to pay back debts, economists said, a move that would further complicate new Prime Minister Sebastien Lecornu's task of drawing up a budget for next year.

US ratings agency Fitch, one of the top global institutions gauging the financial solidity of sovereign borrowers, is to deliver its latest assessment of France's creditworthiness later on Friday after Wall Street closes.

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