International rating agency Standard & Poor's revised its long-term rating outlook of France, from "stable" to "negative", but left it unchanged at "AA". The main reasons for the deterioration of expectations of analysts became the revision of the forecast on growth in real GDP to 1.2%, which is 0.1% less than the previous forecast. In addition, the country's budget deficit in the years 2014-2017 will be 4.1% compared to the previously expected 3.2%. Among the strongest factors of the French economy in the agency called a high level of income per capita and labor productivity. We maintain a medium-term negative outlook on the French stock market.