Liechtenstein retains top rating

The international rating agency Standard & Poor’s has again awarded the Principality of Liechtenstein its top rating of AAA with a stable outlook. In the evaluation, the rating agency above all emphasized the sound financial situation with regard to public budgets.

Every six months, the credit rating of Liechtenstein is assessed by the international rating agency Standard & Poor’s (S&P). In its latest rating review, S&P confirmed the “existing country rating for Liechtenstein of AAA with a stable outlook”, the Government of the Principality of Liechtenstein writes in a press release. It goes on to say that “the healthy financial situation of the public budgets” was a crucial factor behind maintaining this top rating. In fact, this represents “a stabilizing factor during difficult times”, according to the press release.

In its report, S&P also addressed the measures taken by the government in Liechtenstein to combat the coronavirus pandemic, the press release explains. The rating agency also praised the country’s “broadly differentiated economy” and the fact that it has “access to two economic areas”. In addition, S&P is satisfied that Liechtenstein boasts “the necessary flexibility” to adapt to changes in the international corporate taxation landscape.

The Prime Minister of Liechtenstein, Daniel Risch, is keen to stress that confirmation of the top rating should not be taken for granted “in an environment that continues to present challenges” and in the midst of “ongoing efforts to combat the pandemic”. However, he takes the view that the country’s financial and reserve situation can be regarded as “very solid” despite the implementation of further support measures for the economy and need for additional spending to combat the pandemic.

Share article

More news

QR-bill replaces payment slips

The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.


Liechtenstein banks to pay for holiday activities

Together with the Office for Social Services, the LBA has organized a free program of holiday activities for children. This is aimed at easing the burden during the summer holidays on families that have faced serious challenges in connection with the coronavirus crisis.


Investor Summit Liechtenstein looking for champions

Start-ups and SMEs looking for capital can now apply for the Investor Summit Liechtenstein. Winners will have the opportunity to present their ideas in front of around 250 investors. Carsten Maschmeyer and Prinz Max von und zu Liechtenstein will appear as speakers.


LLB ensures the sustainability of its gold fund

Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.