S&P: French City of Paris 'AA/A-1+' Ratings Affirmed; Outlook Remains Negative
Moreover, we might consider a negative rating action over the next 24 months if, in accordance with our downside scenario, the city posted structurally declining budgetary performance. This would likely trigger a downward assessment of our view of Paris' financial management. However, we now view such a scenario as unlikely given the improvement we now foresee as of 2018 inour base case.
We could revise the outlook on Paris to stable if we revised the outlook on France to stable and the city continued to perform in line with our base-case scenario over the next 24 months.
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