Fitch believes that the "AAA" rating of France would be in danger in case of intensification of the crisis and a worsening economic slowdown. The rating agency currently maintains its stable outlook. The offices of the rating agency Fitch in New York.
The rating agency Fitch Ratings said Wednesday that France could see its "AAA" rating, the best possible challenge for the aggravation of the crisis in the eurozone. "The AAA of France would be in danger" if the crisis worsens, then that would cause a worsening economic slowdown in France and Europe would force the country to help its banks, Fitch writes in his analysis .
According to the agency, France deserves its AAA today but could be forced to further action on the budget if it is to meet its deficit target of 3% of GDP in 2013, as pledged by the government.
The new Fitch report is published as France, rated triple-A from three major agencies, has suffered in recent days in the bond market, seeing the difference between its rate to 10 years and those of Germany to a level record since the inception of the euro area. Monday, rating agency Moody's had estimated that a rise in bond yields and French economic growth prospects deteriorated might have a negative impact on the debt rating of France.
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