France gets a reprieve on credit rating, but doubts persist on fiscal outlook

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France gets a reprieve on credit rating, but doubts persist on fiscal outlook

Two major credit-rating agencies left France’s rating unchanged late Friday, giving a reprieve to French President Emmanuel Macron as he tries to deal with the country’s massive debt and deteriorating public finances. But the agencies cast doubt on the ability of the government in Paris to meet its deficit targets. Moody’s kept sovereign rating on France at AA2 with a stable outlook, while Fitch left its rating unchanged at AA-, also with a sta…