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Scope Ratings GmbH has assigned AAA long-term issuer and senior unsecured local- and foreign-currency ratings to the Grand Duchy of Luxembourg, along with a short-term issuer rating of S-1+ in both local and foreign currency. All Outlooks are Stable.
Rating drivers
Luxembourg's AAA rating reflects its wealthy economy and robust economic growth, sound public finances, euro area membership and effective institutional framework as well as its strong external position. However, unfavourable demographics, exposure to developments in the external environment, and imbalances in the housing market remain challenges. The Stable Outlook reflects our assessment that the risks faced by Luxembourg are balanced.
Luxembourg...
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