{"id":57918,"date":"2013-07-13T13:16:42","date_gmt":"2013-07-13T13:16:42","guid":{"rendered":"https:\/\/armbanks.am\/2013\/07\/13\/238903\/"},"modified":"2024-12-15T13:05:54","modified_gmt":"2024-12-15T13:05:54","slug":"fitch-ratings-downgrades-france-main-credit-rating-by-one-notch","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/07\/13\/57918\/","title":{"rendered":"Fitch Ratings downgrades France main credit rating by one notch"},"content":{"rendered":"<p><strong>YEREVAN, July 13. \/ ARKA \/.<\/strong> Fitch Ratings has lowered France&#8217;s principal credit rating by a notch, reflecting the country&#8217;s elevated government debt and weak economy, RBC reported citing news agencies.<\/p>\n<p>Fitch said Friday it cut France&#8217;s long-term foreign and local currency issuer default ratings to &#8220;AA+&#8221; from &#8220;AAA.&#8221; It said the outlook was stable. The other two big rating agencies, Moody&#8217;s Investors Service and Standard &amp; Poor&#8217;s, downgraded France&#8217;s rating last year.<\/p>\n<p>At the same time, Fitch affirmed France&#8217;s short-term foreign currency issuer default rating at F1 and its country ceiling at AAA.<\/p>\n<p>The rating agency says it estimates France&#8217;s government debt will peak at 96 percent of gross domestic product next year and to decline only gradually over the long term.<\/p>\n<p>Fitch noted in its statement that, on the plus side, France&#8217;s economy is diverse and its political stability is anchored by strong civil and social institutions. The country has a &#8220;track record&#8221; of stability in its financial system, including low and stable inflation, Fitch said. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has lowered France&#8217;s principal credit rating by a notch, reflecting the country&#8217;s elevated government debt and weak economy, RBC reported citing news agencies<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[13465,353,15389,12575],"class_list":{"0":"post-57918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-aaa","9":"tag-fitch","10":"tag-fitch-ratings-2","11":"tag-france"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=57918"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57918\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=57918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=57918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=57918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}