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Fitch Downgrades France to ‘AA-‘

By Stephen Nakrosis

Fitch Ratings said Friday it downgraded France’s Long-Term Foreign-Currency Issuer Default Rating to ‘AA-‘ from ‘AA’, with a stable outlook.

Fitch said it was expecting France to show a fiscal deficit of 5% of GDP this year, up from 4.7% last year, due to a number of factors, including weaker economic growth and higher…

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