The international rating agency Standard&Poors has reconfirmed Liechtensteins excellent rating: Triple A with a stable outlook, as was announced by the Ministry for General Government Affairs and Finance.
The agency reviews country ratings every six months. Standard&Poors supports reconfirming the top notes for the Principality of Liechtenstein due to its lack of national debt and the public authorities high assets. The agency also recognises the efforts taken to consolidate Liechtensteins national budget and the established political consensus on the need for a balanced national budget. The countrys economy is well funded and healthy.
Standard&Poors was rather optimistic about the effects of the Swiss National Banks move earlier this year to remove the cap on the exchange rate between the Swiss franc and the euro and believes that Liechtenstein will successfully adapt to the new currency situation without negative economic developments. Liechtenstein enjoys a currency union with Switzerland but has its own monetary flexibility.