Danger of a Ratings Hit Turns Up the Budget Pressure for Macron

The danger of a cut to France’s credit rating is adding to the challenges facing President Emmanuel Macron as he’s forced to juggle his budget in the run-up to June’s European Union elections.

Fitch Ratings and Moody’s are both due to update their assessments of French debt on April 26, while S&P Global Ratings’s view will come on May 31. Voters then go to the polls across the EU in early June with surveys suggesting that in France Macron is on track to suffer a drubbing from his far-right rival Marine Le Pen.