Moody’s Ratings has announced that it affirmed Germany’s rating at ‘AAA’ and kept the outlook unchanged as ‘stable’.
Key quotes (via Reuters)
- Potential economic growth will be weighed down by unfavorable demographic trends.
- Germany has “very” high economic strength, supported by large and highly competitive economy.
- Germany’s economic trend growth is relatively low and volatile compared to AAA-rated peers.
- “Very high fiscal strength” is supported by its strong public finance and sound fiscal framework.
- Funding costs of Germany are very low and ensure that debt is very affordable.
- Germany’s maintenance of current fiscal policy stance is expected to yield further reductions in indebtedness over coming years.
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