France Credit Rating trends, research and data
This page includes the government debt credit rating and outlook of the France as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor France sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.
| Date | Rating | Outlook | Indicator |
|---|---|---|---|
| 28-04-23 | AA- (Stable) | France Credit Rating (Fitch) | |
| 02-12-22 | AA (Negative) | France Credit Rating (S&P) | |
| 15-05-20 | AA | AA | France Credit Rating (Fitch) |
| 21-02-20 | Aa2 (Stable) | Aa2 | France Credit Rating (Moody's) |
| 13-12-19 | AA | AA | France Credit Rating (Fitch) |
| 14-06-19 | AA | AA | France Credit Rating (Fitch) |
| 18-01-19 | AA | AA | France Credit Rating (Fitch) |
| 20-07-18 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 04-05-18 | Aa2 (Positive) | Aa2 | France Credit Rating (Moody's) |
| 26-01-18 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 28-07-17 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 03-03-17 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 09-12-16 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 21-10-16 | (Stable) | France Credit Rating (S&P) | |
| 22-07-16 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 10-06-16 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 11-12-15 | AA (Stable) | AA | France Credit Rating (Fitch) |
| 18-09-15 | Aa2 (Stable) | Aa2 | France Credit Rating (Moody's) |
| 12-06-15 | AA | AA | France Credit Rating (Fitch) |
| 12-12-14 | AA | AA | France Credit Rating (Fitch) |
| 14-10-14 | AA+ (Negative) | AA+ | France Credit Rating (Fitch) |
| 10-10-14 | (Negative) | France Credit Rating (S&P) | |
| 24-09-14 | AA+ (Stable) | AA+ | France Credit Rating (Fitch) |
| 19-09-14 | Aa1 (Negative) | Aa1 | France Credit Rating (Moody's) |
| 09-09-14 | AA+ (Stable) | AA+ | France Credit Rating (Fitch) |
France Credit Rating Analysis
The credit rating signal from each credit rating agency for the sovereign debt of the France and it’s meaning is presented in the table below.
| S&P | Moody’s | Fitch | Analysis |
| AAA | Aaa | AAA | Prime |
| AA+ | Aa1 | AA+ | High grade |
| AA | Aa2 | AA | |
| AA- | Aa3 | AA- | |
| A+ | A1 | A+ | Upper medium grade |
| A | A2 | A | |
| A- | A3 | A- | |
| BBB+ | Baa1 | BBB+ | Lower medium grade |
| BBB | Baa2 | BBB | |
| BBB- | Baa3 | BBB- | |
| BB+ | Ba1 | BB+ | Non-investment grade speculative |
| BB | Ba2 | BB | |
| BB- | Ba3 | BB- | |
| B+ | B1 | B+ | Highly speculative |
| B | B2 | B | |
| B- | B3 | B- | |
| CCC+ | Caa1 | CCC | Extremely speculative |
| CCC | Caa2 | ||
| CCC- | Caa3 | In Default with small probability of recovery | |
| CC | Ca | ||
| C | C | ||
| D | / | DDD | In default |