A few weeks after Fitch’s AAA rating, Scope Ratings has also awarded Luxembourg a triple A rating “with stable outlook.” This is once again the best possible rating to assess the country’s financial situation. The rating agency highlights Luxembourg’s resilient economy and good performance of public finances.
Government measures, implemented in a determined manner, have enabled Luxembourg to resist successive crises comparatively better than its neighboring countries.
Scope underlines the positive impact of government measures to resist successive crises, notably on purchasing power, private consumption and the level of investment. It even notes a downward trend in inflation.
Minister of Finance Yuriko Backes commented: “I will continue to work to maintain sound public finances, which are the key to a resilient and prosperous economy”.
Read more: https://mfin.gouvernement.lu/