Moody's: Macron's policy platform credit positive for France

Moody's Investors Service said in its latest report today,   New French President Emmanuel Macron's policy platform is, on balance, credit positive for France because it aims to enhance medium-term growth, while continuing the gradual process of debt consolidation.

Key Points:

Implementation risks remain

Policy platform credit positive as it aims to enhance medium-term growth while continuing process of debt consolidation

French general govt debt is nearly 100% of GDP and is unlikely to decline materially before the end of this decade

Outcome of legislative elections in June will be crucial in determining whether macron is able to achieve his policy plans