France's credit outlook splits rating agencies: Fitch turns negative, Moody’s stays stable, bond risk sees biggest drop

TL;DR

• Fitch warned that France’s debt outlook is worsening, projecting debt to reach 124% of GDP by 2028 amid weak growth. Moody’s kept its Aa3 rating unchanged. Despite a recent rally that narrowed the French-German bond spread, fiscal concerns and budget challenges persist.