Fitch cuts Bel­gium credit rat­ing to AAFitch

China Daily (Hong Kong) - - BUSINESS -

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.