Announcements
Drinks
15/9/2023 Rating announcement EN
Scope affirms the Kingdom of Belgium's ratings at AA-; revises the Outlook to Negative from Stable
Wide budget deficits, rising public debt and persistent governance challenges drive the outlook revision. A wealthy and diversified economy, robust market access, a strong debt profile, and sound external position support the ratings.
14/10/2022 Rating announcement EN
Scope affirms the Kingdom of Belgium's credit ratings at AA- and maintains the Stable Outlook
A wealthy and diversified economy, a robust market access, a strong debt profile and a sound external position support the ratings. Deteriorating fiscal fundamentals and structural economic bottlenecks represent credit challenges.
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.
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