The rating agency S&P Global has confirmed its top rating of AAA with a stable outlook for Liechtenstein. The country again demonstrated its high level of resilience during the coronavirus crisis. Its economy is now likely to recover significantly.
The international rating agency S&P Global has confirmed its sovereign rating for Liechtenstein by awarding its top rating of AAA with a stable outlook. According to a press release issued by the Liechtenstein government, this rating reflects the positive result of the 2020 national accounts and the sound financial position of public finances.
Liechtenstein demonstrated its high level of resilience during the coronavirus pandemic. This was shown in the marginal increase in unemployment rates, among other factors. State support had a positive impact here.
After suffering a setback triggered by the pandemic, the agency now anticipates a “clear recovery” on the part of the Liechtenstein economy. There is also likely to be a positive development in the national budget, with the agency praising Liechtenstein’s “forward-looking and proactive policy” in the press release.
Prime Minster Daniel Risch welcomed the confirmation of Liechtenstein’s sovereign rating in the press release, stating that it serves to underline the appeal of Liechtenstein as a safe and stable business location.
The detailed report by S&P can be downloaded here.