After the expected result came from the presidential election of France, the rating agency Moody’s made the first statements about how Emmanuel Macron would direct the bleeding economy of France. According to Moody’s Macron’s economic policies seem to support the country’s credit rating which may result in a rise in the credit rating score of France in the near future.
International credit rating agency Moody’s said that the policies of Emmanuel Macron, who won the presidential election in France, are predicted to be positive for France’s credit rating. In the recent report declared by Moody’s it is stated that they expect Macron’s policy platform to be positive for France’s credit due to its aiming to increase economic growth in the mid-range and gradually targeting debt consolidation.
As it has been mentioned about in international political areas and inside France, Moody’s also stressed that Macron’s ability to implement his economic policies depended largely on the results of the June parliamentary elections. According to Moody’s, the ability of policy makers to implement growth and financial consolidation practices in France will be able to strengthen France’s rating and outlook in the mid-term. Moody’s also explained that it would wait until the June parliamentary elections to determine the effect of the results of the election on the country’s credit rating.
“Key rating drivers of economic policies are likely to be under the next French presidency given the country’s debt and growth challenges,” added by Moody’s.