Standard&Poor’s: Liechtenstein retains top rating
The rating agency Standard & Poor's has again confirmed its top rating of AAA with a stable outlook for the Principality of Liechtenstein.
In the evaluation, the rating agency highlighted in particular the strong economy and solid financial position with regard to public budgets.
Every six months, the credit rating of Liechtenstein is evaluated by the international rating agency Standard & Poor’s (S&P). In its latest review, the “rating for Liechtenstein was again confirmed with a top AAA rating with a stable outlook”, the Liechtenstein government writes in a press release. The review credited Liechtenstein with solid public finances and a strong economy featuring a high degree of resilience and broad diversification.
According to the rating agency, the war in Ukraine will also bring supply chain problems and rising commodity prices to Liechtenstein. It is therefore correcting its growth forecast for the current year downwards, it explains in the press release. However, from the perspective of S&P, Liechtenstein should be able to “cope with the short-term negative economic effects of the war over the next two years without adverse consequences for the economy”.
For Prime Minister Daniel Risch, maintaining the top rating is confirmation of Liechtenstein’s attractiveness as a secure and stable business location. He views this as a great success “against the backdrop of geopolitical developments and international economic challenges”. According to Risch, “solid budgetary policy” and the support provided during the pandemic “form the foundation for a good starting point” from which additional recovery steps can be initiated.
