Economics

Moody's confirms Luxembourg's triple A rating

Rating agency Moody's has confirmed a triple A rating for Luxembourg because of its high wealth levels and strong government, but warned of a negative outlook.

31.07.2013

Rating agency Moody's has confirmed a triple A rating for Luxembourg because of its high wealth levels and strong government, but warned of a negative outlook.

"The solvency of Luxembourg is due to its high level of wealth, its proactive policy and strong government," the agency said in a statement on Tuesday.