The rating agency Standard & Poor’s has classified the Liechtenstein banking sector in Group 2 of its banking industry ratings. This result therefore confirms the banking sector in Liechtenstein as one of the most stable in the world.
Standard & Poor’s (S&P) examined and evaluated 86 global banking systems for its banking industry ratings, details of which can be found in a press release issued by the Liechtenstein Bankers Association. In the Banking Industry Country Risk Assessment (BICRA), Liechtenstein has again been classified in Group 2, alongside countries such as Switzerland, Luxembourg, Singapore and Hong Kong. With one of the top ratings, S&P has therefore confirmed that the Liechtenstein banking sector is among the most stable in the world.
The reasons given for this are the insignificant increase in credit losses over the past 12 months and S&P’s conviction that the Liechtenstein economy will recover strongly over the course of 2021. The development of economic risks and industry risks are accordingly classified as stable.
With this evaluation, S&P confirms its AAA-rating with positive outlook for Liechtenstein awarded back in November 2020.
