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Le Premier ministre Sébastien Lecornu, le 10 septembre 2025, arrivant à Matignon. Le Premier ministre Sébastien Lecornu, le 10 septembre 2025, arrivant à Matignon. © Ludovic Marin, AFP

06:35

Issued on: 15/09/2025 - 15:35

Fitch's downgrade of France's credit rating has cast a pall over newly installed Prime Minister Sebastien Lecornu as he begins talks to draft a budget, while unions plan strikes over spending cuts and employers protest against the threat of tax hikes. Citing political instability and rising debt, Fitch cut its rating late Friday to A+ from AA-, giving France its lowest credit score on record just days after President Emmanuel Macron tapped Lecornu to be his fifth prime minister in two years.

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