The financial rating agency Fitch cut France's rating in September 2025 and confirmed the same rating in March 2026. This decision reflects the agency's concerns regarding the country's economic and fiscal situation.
According to analysts contacted by the publication, despite the negative outlook, the most likely scenario for France is that of statu quo, meaning maintaining the current rating without significant changes in the short term.
The same analysts indicate that Fitch may adopt a tougher position regarding France only in 2027, suggesting that the country may face additional pressure next year if economic conditions do not improve.
This statu quo scenario as the most likely forecast comes in a context of global economic uncertainty and specific challenges that Portugal faces in terms of public finances and economic growth.




