惠誉评级将法国主权信用评级从AA-下调至A+，为有史以来最低，法国10年期政府债券收益率进一步突破3.5%，为9月初以来的最高水平。该机构引用了政治不稳定和债务增加的理由，强调了财政问题，而此时总统埃马纽埃尔·马克龙正在两年内任命他的第五位总理。降级是在前总理弗朗索瓦·贝鲁上周辞职后发生的，此前他未能为增税和削减开支的计划争取到支持。贝鲁还提出了一项不受欢迎的计划，即取消两个公共假期以节省成本，这一措施很快被他的继任者放弃。新任总理塞巴斯蒂安·莱科尔努现在必须在严格审查下指导预算谈判。他的任务是在10月7日前向议会提交2026年预算草案，并可能延长至10月13日。法国的赤字是欧元区最大的，预计今年将达到GDP的5.4%。

France’s 10-year government bond yield pushed further above 3.5%, its highest since early September, after Fitch Ratings cut the country’s sovereign credit rating to A+ from AA-, the lowest on record. The agency cited political instability and mounting debt, underscoring fiscal concerns just as President Emmanuel Macron installs his fifth prime minister in two years. The downgrade followed the resignation of former Prime Minister François Bayrou last week, after he failed to rally support for a program of tax hikes and spending cuts. Bayrou had also floated an unpopular plan to eliminate two public holidays to save costs — a measure quickly abandoned by his successor. New Prime Minister Sébastien Lecornu must now steer budget talks under intense scrutiny. He is tasked with presenting a draft of the 2026 budget to parliament by October 7, with a possible extension until October 13. France’s deficit, the widest in the euro area, is projected at 5.4% of GDP this year.