The US rating agency Fitch has rated France's creditworthiness as worse than ever before due to the political crisis and rising debt. Late on Friday evening, it lowered its credit rating for the eurozone's second-largest economy to A+ from AA-.
Fitch justified the move with the budget crisis. There is no clear plan for stabilizing the debt in the coming years.
The yields on French government bonds have already risen and are approaching those of Italy, which has a significantly lower credit rating.
The major French banks such as BNP Paribas $BNP (+0,28%) and Credit Agricole $ACA (-1,24%) are unlikely to be affected by the downgrade, as they are already rated A+ by Fitch.
Source text (excerpt): Handelsblatt, 09/13/25 | Image: Getty Images
