Fitch Affirms Luxembourg at 'AAA' with stable outlook
On 18 July 2014, the rating agency Fitch confirmed its rating on Luxembourg's long-term foreign and local currency Issuer Default Ratings (IDR) at AAA with Stable Outlooks. Luxembourg continues to benefit from the best credit rating from the three major rating agencies: S&P, Moody's and Fitch.
In its analysis, Fitch notes in particular the favourable economic trends in the country and recognises the strong fiscal position of the government, while drawing attention to the challenges and risks that the country faces in the coming months. Fitch welcomes the efforts of consolidation of the Luxembourg government.
The Luxembourg financial centre is still characterised by robustness and the sector continues to enjoy a comparative advantage over other financial centres.
Press release - Ministry of Finance