28/5/2021 Rating announcement EN
Scope downgrades the Kingdom of Belgium's ratings to AA-; Outlook revised to Stable
Material and lasting impact of Covid-19 on fiscal fundamentals and structural economic bottlenecks drive downgrade. A wealthy and diversified economy, strong market access and sturdy debt profile as well as a sound external position are credit strengths.
7/2/2020 Rating announcement EN
Scope affirms Belgium’s rating at AA and revises the Outlook to Negative
Increasing fiscal slippage, still-high public debt levels and weakening economic prospects drive the Outlook change; a favourable debt profile and market access, macroeconomic stability, and a strong external position are credit strengths.
18/5/2018 Rating announcement EN
Scope affirms Belgium’s credit rating at AA with Stable Outlook.
A diversified, wealthy economy with strong funding flexibility, sound external position and structural reform efforts support the rating. High debt levels, weak productivity growth, labour market rigidities and housing price vulnerability are constraints.
30/6/2017 Rating announcement EN
Scope confirms and publishes Belgium’s credit rating of AA, changes Outlook to Stable
Euro area membership, a wealthy and diversified economy, a sound external position and reform efforts, support the rating. Slow fiscal consolidation, high debt and labour market rigidities, are constraints.