France Gets Another Debt Warning as Scope Downgrades.

France has been downgraded by Scope Ratings to AA- from AA, with a stable outlook, due to sustained deterioration of public finances and a challenging political outlook. President Emmanuel Macron's plans to reduce the budget deficit have faced setbacks, leading to increased scrutiny from investors and credit rating agencies. The country's deficit is expected to narrow to 5.2% in 2025, but Scope anticipates France missing the EU target with a gap at 3.8% in 2029, with debt reaching 119% of GDP. The fragmented parliament poses a risk to financial stability, as political opposition could hinder the government's ability to implement necessary fiscal measures. [Extracted from the article]