Fitch downgrades France's rating: "In reality, we are not in an economic crisis, we are in a political crisis."

The move was expected, but Fitch's downgrade of France's rating is still causing a stir in the political sphere. The American rating agency announced on the evening of Friday, September 12, that it had decided to lower France's rating from AA- to A+. This means that France was previously among the countries whose risk of default—that is, the inability to repay its debt—is considered "very low." But With this new rating, France has now joined the team of those whose risk is only "low." From the brand new ex- Prime Minister François Bayrou to the LFI president of the Assembly's finance committee Eric Coquerel, including the m