s and p reaffirms france rating amid political uncertainty for barnier

France's credit rating has been reaffirmed by S&P Global Ratings, which is seen as a positive development for Prime Minister Michel Barnier. The agency highlighted the stability of the country's economy, attributing it to factors such as labor market reforms initiated by President Emmanuel Macron.

S&P also mentioned high private sector savings rates, strong export performance, and the benefits of EU membership as supporting France's economic outlook.

This endorsement comes at a crucial time for Barnier as he faces political pressures while working to secure his position and advance his fiscal agenda.

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