Standard & Poor’s on Friday affirmed Belgium’s credit rating at ‘AA/A?1+’ with stable outlook, citing economic recovery and reforms that support the country’s fiscal and external positions.
“We expect Belgium to reduce its public deficit and maintain a strong external position on the back of gradual economic recovery, supply side reforms, and fiscal consolidation,” S&P said in a statement.
“The stable outlook reflects our view that Belgium’s key economic, fiscal, and external credit metrics will remain broadly unchanged over the next two years,” the agency added.
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