La notation „AAA“ du Luxembourg confirmée par Scope Ratings et Fitch Ratings

The Grand Duchy of Luxembourg has been awarded a AAA credit rating by Scope Ratings and Fitch Ratings, with a stable outlook. This rating reflects the country’s strong financial position, which is based on solid economic fundamentals and prudent fiscal management.
The resilience of Luxembourg in the face of recent health and inflation crises is highlighted by Scope Ratings, while Fitch Ratings emphasizes the robust institutional framework of the Grand Duchy.
Growth prospects for Luxembourg in 2023 remain uncertain, with divergences in forecasts between the two agencies. However, both agree that the country maintains strong financial fundamentals and that an economic recovery can be expected from 2024 onwards.
Both agencies warn of financial risks linked to the real estate sector, particularly for highly indebted households, due to the tightening of monetary policy. Additionally, Scope Ratings emphasizes the potential risks that changes in international tax policy and budgetary pressures resulting from an aging population could pose for Luxembourg in the long term.