The Minister of Finance of Luxembourg comments on the "AAA" rating of Luxembourg

The Scope rating agency has confirmed Luxembourg's "AAA" credit rating. The experts highlighted the country's stability and sustainability in times of crisis. Such a high rating once again confirms the competent budgetary management and the solid foundation of the Luxembourg economy.

The study notes that despite the crisis caused by the war in Ukraine, Luxembourg's GDP has every chance of growing in the coming years. There is also a downward trend in inflation. This is largely due to the control of energy prices.

The country's foreign debt also remains at an acceptable level. It is already close to 30% of GDP but still leaves room for manoeuvre in case of emergencies or unforeseen situations.

Luxembourg's Finance Minister Yuriko Backes has already reacted to the rating on her Twitter account: "Scope Ratings confirms Luxembourg's "AAA" credit rating with a stable outlook, highlighting the country's resilience, solid fundamentals and sound public finances".