That makes three. Following Standard & Poor’s at the end of January and Moody’s Ratings in mid-February… it is now Scope Ratings’ turn to confirm Luxembourg’s “AAA” rating on Friday 10 April. “Scope Ratings highlights the resilience of Luxembourg’s prosperous, competitive and high-value-added economy, driven by strong productivity and dynamic sectors such as financial services and information technology,” states the Ministry of Finance on its website.

“Following moderate growth in 2025, the short-term outlook remains clouded by uncertainties linked to the international environment, particularly developments in energy prices and the geopolitical situation in the Middle East. The agency notes, however, that the Luxembourg economy is expected to demonstrate relative resilience, thanks in particular to its low energy intensity. Despite pressures on expenditure, notably linked to defence spending and public investment, as well as a risk of energy-driven inflation that could exacerbate increases in wages and social transfers, the agency also highlights the strength of public finances.”

For Luxembourg, this triple-A rating reflects the country’s economic resilience, the soundness of its public finances, and the transparency and efficiency of its government bodies.