French debt downgrade piles pressure on Macron’s new prime minister
Fitch’s change to A+ reflects concerns political instability will affect France’s ability to reduce its deficit
Fitch’s change to A+ reflects concerns political instability will affect France’s ability to reduce its deficit

Morningstar’s decision adds to doubts that Paris can deliver on promises to tame deficit amid political instability

French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans

Dire finances reflect pandemic and energy crisis largesse but also president’s early tax cuts

Consternation over pledge to continue tax raid on big companies and suspend pension reforms

President Emmanuel Macron will look for a replacement who can break the budget impasse

Investors warn government is likely to lose a snap confidence vote on September 8