RTL Infos – Triple A: The Luxembourg economy is still as “solid”

RTL Infos – Triple A: The Luxembourg economy is still as “solid”
RTL Infos – Triple A: The Luxembourg economy is still as “solid”

The Morningstar DBRS rating agency has just confirmed the “AAA” rating of the Grand Duchy of Luxembourg with a “stable” outlook.

The rating, awarded this Friday, reflects “the strength of the country’s financial situation thanks to solid economic fundamentals, despite a moderate increase in budgetary pressures” wrote the Luxembourg government this Saturday in a press release. According to the Morningstar DBRS rating agency, “Luxembourg has the budgetary room to maneuver to face possible moderate budget deficits over the coming years.”

Morningstar DBRSexpects a rebound in real GDP growth and services exports as well as a recovery in private consumption. The agency highlights Luxembourg’s highly developed economy and its position as a global financial center, particularly due to its significant funds industry.”

The government still cites “the solidity of institutions, the stable political environment, the prosperity of the economy and the strong external position of Luxembourg” which also contributed to the “AAA” rating.

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