“In two agencies, S&P and Fitch, we are at the limit of the double A limit,” warns Anne-Laure Kiechel, president of Global Savereign Advisory, a consulting firm for public states and companies.
According to the expert, guest of BFM Business, Friday, June 27, “at the end of the year, there is a real risk of being deteriorated in A-“.
A change of notation
While the question of the budget and French debt It is in the heart of concerns in France, for Anne-Laure Kiechel, from abroad, it is more the rating of France that counts for investors.
“International, for the countries that look at us, the debt is not an issue. The issue is rather that of the qualification for investors investing in French obligations,” he explains.
In fact, a change of rating of France, which would go from AA to a consequences on the ability to finance its debt.
This Thursday, Insee announced that the public debt had increased even more and reached 3,345.8 billion euros in the first quarter of 2025. It was 114% of the Gross Domestic Product (GDP), an increase of 40.5 billion euros compared to the previous quarter.
France is the third most indebted country in the euro zone after Greece and Italy. But these two countries are in the descending phase. Greece has seen its ration of debt pass from 2021 from more than 197% to 153.6%. Italy, on the other hand, saw its own melting of 10 points during the same period, from 145.7% to 135.3%. France has seen its own sweating in 2024 and 2025.
Source: BFM TV
