Macron To Be ‘Junked’ By Global Bodies? S&P Downgrades France’s Credit Rating; Paris’ Crises Mount #HindustanTimes
Macron To Be ‘Junked’ By Global Bodies? S&P Downgrades France’s Credit Rating; Paris’ Crises Mount
Emmanuel Macron faces yet another blow as S&P downgrades France’s credit rating from AA to A+, marking the third cut in under a year. The downgrade reflects rising debt, a slowing deficit plan, and deep political divisions that have paralyzed Paris. With France’s debt expected to soar past 120% of GDP by 2028, experts warn the country is edging dangerously close to “junk” status. Macron’s government insists reforms will continue, but Fitch, DBRS, and now S&P signal growing global distrust in France’s financial future amid mounting domestic unrest.
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