Fitch to unveil France's rating: 'Status quo is the likely scenario'

This Friday, one month before the 2027 budget is submitted to the National Assembly, Fitch will deliver its verdict on France's sovereign rating.

For the Lecornu government, simply staying afloat would already come as a relief.

For now, the agency assigns an A+ rating to the EU's second-largest economy, with a stable outlook. The country lost its double A grade in September 2025, when Fitch penalised political instability in a post-dissolution context marked by the short-lived Barnier and Bayrou governments, which spent 99 and 270 days in power respectively.

This assessment was then upheld in March 2026.

Speaking to Euronews, Hadrien Camatte, senior economist for France, Belgium and the eurozone at Natixis CIB, is betting on the status quo as "the most likely scenario", even though "a move to a negative outlook cannot be ruled out."