Luxembourg remains in the very small circle of countries with a triple A rating. Photo: Shutterstock

Luxembourg remains in the very small circle of countries with a triple A rating. Photo: Shutterstock

According to a press release from the ministry of finance, Scope Ratings has maintained Luxembourg's AAA rating “with stable outlook.” Only Germany and the Netherlands are also rated AAA by the main rating agencies.

“Scope Ratings once again certifies the country’s sound financial standing, thanks to solid economic fundamentals and prudent fiscal management. Targeted interventions in favour of the construction sector and households have supported the economic recovery in 2024, and growth prospects will continue to be fuelled by a high level of public investment. Overall, the rating reflects a prosperous and competitive economy, underpinned by high value-added sectors and strong institutions,” says a press release from the finance ministry issued on Saturday 26 April.

“Scope Ratings expects moderate public deficits and a sustainable public debt trajectory over the medium term.”

This article was originally published in .

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