Standard & Poor’s (SP), an international credit rating agency, has revised France’s credit rating outlook to negative. The agency published its assessment of the French economy, confirming the country’s long and short-term credit ratings as “AA-/A-1+.” The deteriorating public finances of France were highlighted as the reason for changing the credit rating outlook from stable to negative. The statement pointed out the unbalanced political support for budget consolidation in the country and noted the uncertainty surrounding the post-2025 fiscal strategy. It is predicted that France’s gross domestic product (GDP) growth would fall below 1% this year, further complicating the fiscal outlook. The need for France to achieve a non-interest budget surplus, a goal unmet since 2001, in order to reduce the debt-to-GDP ratio was emphasized. The statement mentioned the pressures on public finances and the limited political support for reforms as reasons for revising the credit rating outlook.