Standard and Poor’s maintains the rating of Germany at the highest – Cross

The rating agency Standard and Poor’s (S & amp; P) confirmed Friday the debt rating of Germany at “AAA”, the highest possible rating, 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 has, however, lowered its growth forecast for the European countries and now expects 1.5% this year against 2% last July

S & amp;. P, who s ‘not expect 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

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