Fitch Ratings warns that France's A+ credit rating is under pressure from rising government debt, weak economic growth, and political instability. France's proposed 2027 budget targets a deficit of 5% of GDP, but Fitch questions the government's ability to stabilize public finances. Key risks include rising debt and borrowing costs, weak economic growth, and political fragmentation complicating spending cuts. Fitch warns that failure to reduce debt could trigger a negative outlook, while a substantial further increase could lead to a credit rating downgrade. France's current outlook remains stable.