PARIS, Oct 22 (APP/AFP) – Ratings firm Standard & Poor’s raised Friday its outlook on France’s long-term sovereign credit rating to “stable” from “negative”, a move hailed by the government as a “sign of confidence”. The US ratings agency, which stripped France of its prime AAA rating in 2012, left unchanged its view on French debt at AA, its third-highest rating. The improvement in the country’s outlook is due to the “gradual introduction of growth-enhancing reforms amid ongoing fiscal consolidation,” S&P said in its report. The agency added that the downside risks it had identified two years ago had not materialised.
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S&P raises France’s rating outlook
