Fitch Ratings has affirmed
Luxembourg's AAA rating, and pointed out Luxembourg's relatively good
performance in GDP growth.
Several statements
indicate the key spots that will be considered in future assessments:
·
Luxembourg's greater volatility due to
the reliance on financial services and its risks
·
The total balance sheet of the financial
sector is 70X GDP, though this is not
indicative of potential risks.
·
Luxembourg's debt and Eurozone
liabilities are increasing
·
Future social security liabilities and costs,
though known but ignored and invisible now, will become a shock in about 2030,
if unattended.
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