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Fitch confirms Luxembourg AAA rating
The agency Fitch Ratings
confirmed the AAA rating of Luxembourg with a stable outlook, leaving the
Grand Duchy one of only nine countries worldwide to hold the top rating
by the three leading agencies S&P, Moody's and Fitch.
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Digital EU-Scoreboard: Luxembourg in the TOP 10
Luxembourg performed well in the
latest edition of the EU's Digital Economy and Society Index, with the
country placed ninth overall. The country also ranks 6th among EU
countries on Connectivity and Human Capital as well as 5th on use of
internet.
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Luxembourg one of top 5 expat destinations
The InterNations Survey ranks 64
countries based on criteria such as quality of life, family life or cost
of living, amongst many others. Luxembourg ranks particularly high in job
security and personal finance.
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Moody's
concludes review on three Luxembourg banks' ratings
Moody's Investors Service concluded
its rating reviews on three banks based in Luxembourg. This review, which
were initiated in March 2015, highlights banks’ strong core financial
metrics and Luxembourg’s robust institutional framework and low
susceptibility to event risk.
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Banque Havilland
S.A. signs an agreement to acquire Banco Popolare Luxembourg
Banque Havilland S.A. and Banco
Popolare Luxembourg S.A. have executed an agreement for the sale of 100%
of the share capital of Banco Popolare Luxembourg S.A. to Banque
Havilland S.A. The risks and rewards associated with the entire loan
portfolio of BP Luxembourg are retained by Banco Popolare.
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Private Equity
firm Blackfin buys RBS Luxembourg fund arm
RBS's Luxembourg-domiciled
independent management company and funds governance business RBSL is to
be bought by BlackFin Capital Partners, a private equity firm specialised
in the financial services sector.
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Japanese
globalisation and the Luxembourg economic model
For his essay on the Luxembourg
financial centre as a model for the globalisation of Japan's economy, Mr.
Hiroaki Matsuyama was recently awarded the Prize of Excellence by the
Japan Foreign Trade Council.
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