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      Standard & Poor's affirms Luxembourg at AAA rating with stable outlook

      Standard & Poor's affirms Luxembourg at AAA rating with stable outlook

      On 26 September 2014, the rating agency Standard & Poor's (S&P) reaffirmed the "AAA" rating of the Grand Duchyof Luxembourg with 'Stable' outlook. Luxembourg continues to benefit from the best ratingfrom the three major rating agencies: S&P, Moody's and Fitch.

      Pierre Gramegna, Minister of Finance commented: "I am delighted at this confirmation of our AAA rating. In its analysis, S&P highlights the strength of our economy and the robustness of our financial center. The agency took into consideration the government's effortsfor the consolidation of our public finances. Maintaining this stable outlook will depend on the continuation of these efforts in the years ahead."

      Press release - Ministry of Finance