Fitch cuts Belgium credit rating to AAFitch
Ratings cut Belgium’s credit rating for the first time in almost five years, as the government struggled to reach its goal of returning to a balanced budget. In a statement on Friday, Fitch announced a one-step reduction to AA- from AA. That’s equivalent to Belgium’s credit score of Aa3 at Moody’s and one step below the AA rating assigned by Standard & Poor’s. The outlook on the rating is stable, Fitch said.