The international ratings agency Standard & Poors (S&P) has certified Liechtensteins AAA credit rating, with its experts citing factors such as the countrys long-standing political and economic stability.
The S&P ratings experts also highlighted Liechtensteins handling of regulatory requirements, and expressed conviction that the country would continue to master this field, announced the government in a press release. In its rating, S&P writes that Liechtenstein is well positioned to safeguard its prosperity and balanced budget. The agency adds that there is a high chance the country will still hold this long-term rating in two years time, with factors in its favour such as strong fundamental data, a balanced economy and a proactive national policy.
According to the government press release, finance is not the only sector bolstering Liechtensteins economy: the country also has a strong industrial branch, with large corporations in niche markets, and a significant number of small and medium-sized enterprises (SME). Experts are predicting growth of more than 1 per cent in 2016, and 2 per cent in subsequent years. They also verified a high level of professionalism in the internationally oriented finance sector.