PARIS (Reuters) - France should step up its efforts to revive its public finances, Finance Minister Bruno Le Maire said on Friday after Moody's and Fitch decided to spare the country an embarrassing downgrade.
Their decisions to leave France's ratings unchanged was far from assured after the finance ministry had to revise its fiscal targets this month for the coming years after missing last year's due to weaker than expected tax income.
"This decision should encourage us to redouble our determination to re-establish our public finances and meet the president's objective of (reducing) the deficit to less than 3% (of GDP) by 2027," Le Maire said in a statement.
(Reporting by Leigh Thomas; Editing by Chris Reese and Alistair Bell)
