Liechtenstein retains top rating
27 November 2023
Liechtenstein remains one of the most solvent countries in the world. The rating agency S&P Global has confirmed its AAA sovereign rating for Liechtenstein as part of its half-yearly review. The rating outlook has also been kept at stable.
S&P Global has confirmed Liechtenstein’s existing AAA top rating for its sovereign rating, as the government of the principality of Liechtenstein writes in a press release. The rating outlook has also been maintained at stable. The rating agency reviews the creditworthiness of Liechtenstein every six months.
According to the press release, S&P Global’s rating is based primarily on the healthy finances of public budgets in Liechtenstein. In terms of economic growth, the rating agency expects solid development over the next three years “after a temporary slowdown this year”. In addition, S&P Global expresses its view that the Liechtenstein economy possesses the ability to adapt to changing circumstances, while also reserving praise for Liechtenstein’s commitment to joining the International Monetary Fund.
The security of Liechtenstein’s energy supply also scores well from the perspective of the rating agency. In this context, the risks have tailed off considerably in comparison with the previous year, according to the press release. The rating agency puts this development down, among other aspects, to the measures implemented by the government aimed at transitioning Liechtenstein towards sustainable energy sources.