Fitch Revises France's Credit Outlook From Stable to Negative Over Fiscal Strain

Fitch Revises France's Credit Outlook From Stable to Negative Over Fiscal StrainRating agency cites worsening debt dynamics and political fragmentation weakening stability expectations.

Weaker growth, higher borrowing costs, and a wider budget deficit concern analysts.

Massive protests over public services and living costs complicate France's fiscal consolidation. The economy shrank unexpectedly in the third quarter while October inflation peaked.

Minister Roland Lescure described an unprecedented combination of external and domestic shocks. Moody's had kept France's rating steady, maintaining its negative outlook, days earlier.