Through the AAA rating with a stable outlook, Standard&Poor's confirms the previous country rating of Liechtenstein. In a press release, the government said that this rating is based on the positive development of the national accounts and a pleasing public budget situation. The rating agency’s report highlights Liechtenstein’s strong economy, which has a broad basis when compared to other small countries, and the proactive implementation of international regulatory requirements for the financial market.
The stable outlook shows that Standard&Poor’s is confident Liechtenstein will continue to be able to swiftly adapt its institutional and statutory frameworks to meet the demands of international developments. See the ratings on the Principality of Liechtenstein here.
According to the government's release, the good rating confirms that it has adopted the right approach over the past few years. The consolidation of the domestic budget, social reforms and financial market regulation all represent key milestones that have been achieved.
Liechtenstein is one of 12 countries to have been assigned the top rating by Standard&Poor’s. The government puts this down to ongoing efforts and development.