The ratings are supported by a wealthy and diversified economy, moderate public debt and a strong external position. High private sector indebtedness, exposure to global shocks and labour market duality are credit challenges.

Ratings are supported by a wealthy, diversified economy, moderate public debt and strong external position. High private-sector indebtedness, exposure to global shocks and labour-market duality represent credit challenges.

Ratings are supported by a wealthy, diversified economy, moderate public debt and strong external position. High private-sector indebtedness, exposure to global shocks and labour-market duality represent credit challenges.

Ratings are supported by a wealthy, diversified economy, moderate public debt and strong external position. High private-sector indebtedness, rise of government debt, exposure to global shocks and labour-market duality represent credit challenges.

The Netherlands’ wealthy, diversified and competitive economy, favourable public debt profile and resilient banking sector support the ratings. An ageing society, labour market segmentation and high private debt pose challenges.

Rating is supported by wealthy, diversified economy, solid external position, moderate public debt, and prudent fiscal policy. High private-sector debt, susceptibility to external risks and labour market inefficiencies pose some concerns.