Morningstar DBRS, Fitch RatingsLuxembourg receives Triple A credit rating, Finance Ministry confirms

RTL Today
Luxembourg's public finances remain solid despite rising defence costs and an ageing population, according to recent assessments by Morningstar and Fitch.

While the country’s GDP deficit is expected to reach around 0.8% this year, its fiscal position continues to outperform most other eurozone economies.

Both agencies warn of external risks but forecast a rebound in growth next year, driven mainly by the strength of the financial sector.

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