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      Standard and Poor’s confirms Luxembourg AAA

      Standard and Poor’s confirms Luxembourg AAA

      The rating agency Standard & Poor's (S&P) confirmed Luxembourg’s "AAA" rating with 'Stable' outlook. The Grand Duchy continues to hold the top rating by the three leading agencies S&P, Moody's and Fitch.

      In its analysis, the credit agency highlights the good supervision of Luxembourg’s public finances and its low level of government debt.

      "Luxembourg's prosperous economy is backed by an effective institutional  framework and governance and a net external creditor position. The stable outlook continues to reflect our expectation that within our two-year outlook horizon Luxembourg will maintain strong credit metrics and withstand potential financial, economic, and regulatory shocks."