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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.”
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