Luxembourg´s AAA rating confirmed by S&P's

Press release Luxembourg´s AAA rating confirmed by S&P's

The ratings agency Standard and Poor´s has confirmed its rating on the Luxembourg economy at AAA for long-term debt and A-1+ for short-term debt. The agency issued Luxembourg with a “stable” outlook, highlighting the political stability of the country and the robustness of its public finances as strong assets which should enable Luxembourg to cope with potential external shocks. Pierre Gramegna, the Minister of Finance said “This positive outlook reflects our economic stability which is reinforced by our diversified economy. Luxembourg has solid macro economic fundamentals with the lowest public debt levels in the EU which gives us our competitive edge.”