Diversified Investors, Debt Profile and Safe-haven Status Drive High Liquidity
This reflects a diversified and balanced investor base, with about 55% of French debt held by non-residents, an average maturity on marketable debt exceeding eight years, and a debt stock fully denominated in euros. Benchmark-sized issuance, diversified debt instruments across the yield curve including green and inflation-linked bonds, transparently managed and regular auctions, and an extensive network of primary dealers also support investor demand and strong liquidity.
Scope Ratings expects France’s Read More