Moody’s affirms Luxembourg’s AAA rating and increases outlook to “stable”
On 28th February, the rating agency Moody's affirmed the AAA rating of the Grand-Duchy of Luxembourg and increased the outlook to "stable" from “negative”.
As a result, the Grand Duchy is assigned the best rating by the three major rating agencies.
According to Moody's, the revision of the outlook to stable from negative is mainly due to the improvement of the economic and financial situation in the euro area and the good resilience of the Luxembourg economy. The agency also highlights the strength and continued soundness of Luxembourg’s public finances.