Fitch warns French debt trajectory may trigger downgrade amid weak growth and political fragmentation

Fitch Ratings has issued a warning that France's rising public debt, compounded by weak growth, higher borrowing costs, and political fragmentation, could lead to a credit rating downgrade. The warning underscores deteriorating fiscal sustainability in a major eurozone economy, potentially pressuring French and broader European sovereign spreads. The actual downgrade is not yet confirmed, but the risk is elevated given the political constraints on fiscal consolidation.