Standard&Poor’s: Liechtenstein retains top rating
The renewed top rating in Standard & Poor's semi-annual country rating confirms Liechtenstein's stability and reliability.
The international rating agency Standard & Poor’s has once again awarded the Principality of Liechtenstein its top AAA rating with a stable outlook. The diversified economy and planned measures with the aim of cushioning the impact of rising energy prices were above all highlighted in the assessment.
Every six months, the international rating agency Standard & Poor’s (S&P) evaluates the credit rating of Liechtenstein. In the most recent review, the rating agency reaffirmed its top AAA rating with a stable outlook for Liechtenstein. In doing so, S&P above all praised Liechtenstein’s diversified economy and planned measures to mitigate sharply rising energy prices.
While the S&P analysts certainly expect a slowdown in the Liechtenstein economy due to the impact of the war in Ukraine, they also believe that the Principality has the capacity and necessary flexibility to respond to this challenge. Its diversified economy allows Liechtenstein to stand out among other small nations, putting it into the position to “rapidly adapt to changing conditions”. In addition to the measures aimed at cushioning the impact of rising energy prices, the analysts also acknowledge the pandemic and refugee aid.
The stable outlook is primarily justified on account of Liechtenstein’s strong budgetary position as well as its high political efficacy and prudent regulatory framework.
