US EditionLuxembourg retains AAA credit rating despite fiscal pressures
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Luxembourg retains AAA credit rating despite fiscal pressures
Scope Ratings reaffirmed Luxembourg’s AAA credit rating with a stable outlook on Friday, highlighting the country’s resilient economy, strong public finances and solid external position. The Grand Duchy continues to demonstrate “prudence and stability” despite rising fiscal pressures and exposure to global uncertainties, the agency said. Still, its report flagged several risks, including global shocks, geopolitical tensions and changes to intern…
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