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Fitch Ratings downgrades France's credit ratings to 'AA'

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Fitch Ratings downgrades France's credit ratings to 'AA'
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France’s credit ratings were cut from AA+ to AA on Friday.

Fitch Ratings took the step despite recent budget-saving measures by the French government.

The agency said France’s economic outlook was weak and the economy was expected to grow less than the Eurozone average this year.

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