Fitch and Standard and Poor’s maintained the rating of Germany in … – Le Revenu

                         AFP

                         Published on 01/08/2016 on 22:16 – Updated 01.08.2016 on 22:46

Paris, January 8, 2016 (AFP) – rating agencies Standard and Poor’s (S & amp; P) and Fitch have confirmed Friday the debt rating of Germany at “AAA”, the highest possible, also maintaining its outlook to “stable”

. “From our point of view, Germany has a highly diversified and competitive economy and has already demonstrated its ability to absorb large economic and financial shocks,” said Standard & Poor’s said in a statement.

The agency, however, lowered its growth forecast for the European countries and now expects 1.5% this year against 2% last July

S & amp;. P, which is not expected to a significant impact of the refugee crisis on German fiscal balance, however, underlines the risk that “the demand for German exports will continue to deteriorate”, given the slowdown in emerging economies.

“The stable outlook reflects our view that in the next two years, public finances and strong external trade balance of Germany will continue to withstand potential financial and economic shocks” added the S & amp experts;.. P

This rating “AAA” allows countries that benefit from borrowing at the best rates on the market

Fitch also confirmed Friday that “AAA” rating by Germany relying on “strong institutions and diversified economy” of the country.

While stressing that government debt at 71.8% of GDP, exceeded that require the maintenance of such rating, Fitch pointed out that this debt was dwindling.

“In our view, Germany has enough fiscal space to do at the recent intensification of the refugee crisis without suffering negative consequences for its rating, “said the agency in a statement.

© 2016 AFP