Fitch retains France's AA ratings thanks to wealthy economy
The agency said the ratings balance a wealthy and diversified economy, track record of relative macro-financial stability, strong and effective civil and social institutions with a high general government debt/GDP ratio and fiscal deficit.
Nonetheless, Fitch said high indebtedness limits France's ability to deal with fiscal shocks and constitutes the main weakness to France's rating.
Fitch assumed that the authorities will be keen to avoid deficit-related negative news-flow around the presidential elections. ■