S&P sticks with France rating in reprieve for PM

Debt resilient: Visitors walk along the Trocadero esplanade in front of the Eiffel Tower. The mounting political risks have put France’s bonds under renewed pressure over the past two weeks. — AFP

PARIS: French Prime Minister Michel Barnier won a minor reprieve in his battle to pass a budget and remain in power as S&P Global Ratings reiterated its assessment of the country’s debt.

In a statement last Friday, S&P said the eurozone’s second-biggest economy remains resilient despite political uncertainty.