Liechtenstein's AAA rating affirmed
Vaduz (ots)
After concluding its rating process, the international rating agency S&P Global Ratings affirmed Liechtenstein's country rating in its research update of 27 May 2024 with the highest rating, AAA, and a stable outlook.
In its report affirming the rating, S&P Global Ratings cites the very positive result of the national accounts and the strong fiscal position of the country's public budgets. The stable outlook likewise reflects the strong budgetary position and extensive financial buffers. Along with Liechtenstein's high policy effectiveness and prudent regulatory framework, these factors underscore the Principality's creditworthiness and protect the country from global economic and financial uncertainties.
S&P Global Ratings also welcomes Liechtenstein's efforts to join the International Monetary Fund (IMF). According to the report, membership is likely to improve the timeliness and availability of the country's statistical information. Coupled with the budget surplus, IMF membership also offers an additional liquidity buffer in case of need.
For the current year, the rating agency expects economic growth to remain robust. Growth will also be influenced by how the most important trading partners develop over the course of the year. At the same time, S&P Global recognises Liechtenstein's resilience and ability to adapt to external fluctuations and changes.
Prime Minister Daniel Risch expresses his great satisfaction with the agency's affirmation of the highest rating for Liechtenstein. The rating confirms the country's attractiveness as a secure and stable business location.
Contact:
Ministry of General Government Affairs and Finance
Simon Biedermann, Secretary General
T +423 236 64 47
simon.biedermann@regierung.li