Credit: this story was first seen on RTL Today
In an opinion post by credit rating agency, Moody’s, it’s been confirmed that Luxembourg will keep its AAA rating, most especially due to it’s “dynamic and resilient” economy.
Luxembourg’s stable institutional framework is not the only reason for it’s positive credit profile – government efficiency, respect for the rule of law and the fight against corruption were highlighted in Moody’s report.
“Moody’s estimates that the Luxembourgish authorities will be proactive in addressing emerging issues.”
Further reading: Moody’s issues fiscal bill of health in latest opinion