France, Republic of: Rating Report

DBRS Ratings Limited has confirmed the Republic of France’s Long-Term Foreign and Local Currency – Issuer Ratings at AAA and Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (high). All ratings have Stable trends. DBRS expects from the new administration an ambitious push to implement structural reforms, while keeping France committed to reaching its medium-term structural fiscal balance objective. Cyclical improvements to domestic and external demand, the end of the election cycle, and the reform agenda have created a favourable environment for growth that should continue to strengthen in the coming years.