US EditionBelgium Cut by S&P in Second Judgment on Worst Euro-Zone Deficit
6 Articles
6 Articles
The decision of the rating agency was expected in the wake of Moodys and Fitch. It is no less worrying for our country's credibility in the financial markets. ...
The American rating agency Standard & Poor's (S&P) is lowering our country's credit rating from AA to AA-. According to S&P, this downgrade is the result of the persistent budgetary imbalances in our country. Rating agency Moody's had previously already lowered our country's credit score. Prime Minister De Wever is therefore not surprised that S&P is now following suit.
AFP The rating agency Standaard & Poors (S&P) has deteriorated Belgium's financial score on Friday. It is moving from AA to AA- with a stable outlook. Last Friday, the Moodys agency had degraded the Belgian rating from Aa32 to A1. According to S&P, the deterioration of the rating reflects the persistent imbalances in Belgian public finances. Belgium emerged from the pandemic and energy crisis of 2022-2023 with significant structural budget defic…
Following Fitch and Moody's, credit rating agency Standard & Poor's (S&P) has also downgraded Belgium's credit rating. "Restoring the confidence of international markets in our country is the number one political priority," responds Prime Minister De Wever. "The turning point must come this year."
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