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European Sovereigns’ Higher Borrowing Costs Add to Fiscal Challenges
Higher debt costs will make it more difficult to put public finances on a sustainable trajectory in some European sovereigns, Fitch Ratings says in a new report. Increased borrowing costs contributed to our decision to revise France’s ‘A+’ rating Outlook to Negative on 30 October, and there a risk that they could eventually put downward pressure on other sovereigns’ ratings. [....]