Fitch affirms France at 'AA'; outlook stable - Reuters

Fitch Ratings affirmed France's credit note at 'AA' and said that the outlook was stable.

Key highlights (via Reuters)

• Fiscal metrics remain France's key rating weakness
• Victory of Macron over Marine Le Pen in may presidential election removed risk of a near-term political shock to France and wider Europe
• France's ratings balance wealthy economy, macro-financial stability, with a high general government debt/GDP ratio and fiscal deficits
• Fitch forecasts France to be one of few eurozone sovereigns whose debt-GDP burdens will still be rising from this year
• Fitch expects unwinding of favourable conditions, particularly low oil prices, to weigh modestly on France's current account balance ‍in 2017-2019