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![Scope affirms the Kingdom of Belgium's ratings at AA-; revises the Outlook to Negative from Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_f8f48968feeafaf1f66d4de9ad33a2846a009e406271f30e34d0b967a1069007.jpg)
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.
![Scope affirms the Kingdom of Belgium's credit ratings at AA- and maintains the Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_fda4ccae37b90d336dc8eafa09a9732d28db6404b34fc1246eb3fd89c48c7217.jpg)
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.
![Scope downgrades the Kingdom of Belgium's ratings to AA-; Outlook revised to Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_fda4ccae37b90d336dc8eafa09a9732d28db6404b34fc1246eb3fd89c48c7217.jpg)
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.
![Scope affirms Belgium’s rating at AA and revises the Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_ea396e07e583ef06632905358eb42da3983bd70c99bc42cf0a8d8b14a28f61af.jpg)
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.
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