“Moody’s Maintains Robust Credit Rating for Belgian Economy Despite Challenges”

Moody’s maintenance of the rating is driven by the robust Belgian economy, which is supported by investments in energy efficiency and automation. The business climate that promotes innovation partially offsets the negative economic impact of an aging population, it is said.

Moody’s does draw attention to the large government debt, which is described as a major ‘credit challenge’. “The rating agency expects successive Belgian governments to limit expenditures and manage revenues in a way that stabilizes the debt-to-GDP ratio.”

Last month, the rating agency Standard & Poor’s had already maintained the Belgian credit score (AA). Fitch also retained the rating (AA-), but lowered the outlook for our country from ‘stable’ to ‘negative’.