L’agence de notation Scope Ratings affirme le „AAA“ du Grand-Duché

Luxembourg’s credit rating of „AAA“ with a stable outlook has been reaffirmed by Scope Ratings, highlighting its strong economic fundamentals, low debt, and prudent budget management. The country’s resilience during recent crises, aided by support measures for households and businesses, has been noted.
Despite the European economic slowdown due to the Ukraine war, Luxembourg is projected to achieve a 1.8% GDP growth in 2023. The job market remains dynamic, and inflation has trended downwards thanks to measures curbing energy prices and lowering certain VAT rates.
Scope Ratings emphasizes the solid state of Luxembourg’s public finances, offering room to tackle potential economic challenges, while political stability adds to its creditworthiness.
However, the report also highlights risks, including changes in international taxation, increased financial vulnerability from rising real estate prices, high private indebtedness, and budgetary pressures from an aging population.
Minister of Finance Yuriko Backes appreciates the „AAA“ rating, applauding the government’s prudent budget management and effective support programs for households and businesses. She remains committed to maintaining robust public finances for a resilient and prosperous economy.