Fitch affirms France’s AAA rating
Fitch Ratings this morning affirmed France’s AAA rating, although it maintained its negative outlook.
Fitch is the only ratings agency to maintain its AAA rating on the Eurozone’s second-largest economy.
While the agency said that the prized rating was underpinned by France’s “wealthy and diversified economy”, Fitch did highlight the “material” risks arising from the Eurozone crisis.
It maintained its negative outlook on the European nation, which indicates a “slightly greater than 50 per cent chance” of a downgrade in future.