Standard&Poors has once again awarded Liechtenstein the top triple-A country rating and a stable outlook. The rating also recognises efforts made over the last few years.
The international ratings agency Standard&Poors publishes its country ratings every six months. The basis for Liechtensteins good rating were good economic and public fundamentals, according to a statement.
The rating also recognised recent political efforts. The press release explained that the consolidation of the state budget and the AHV reform were both mentioned. Also rated positively by the experts was the fact that the financial sector was proactive in considering international regulatory demands.
Meanwhile, the assessment of a stable outlook suggests that Lichtenstein will continue to take a proactive approach to meeting political and regulatory requirements. The economy is also expected to maintain a high level of employment in future.
According to the statement, prime minister Adrian Hasler was delighted with the rating especially in international comparison. He was said to have described the rating as confirmation that the government was moving in the right direction.