The ratings are supported by a wealthy, large, diversified economy, sound public finances and a strong external position. Transition risks related to carbon neutrality targets, an ageing population and global geopolitical risks are challenges.

The periodic review has resulted in no rating action.

The ratings are supported by a wealthy, large, diversified economy, sound public finances and a strong external position. Transition risks related to carbon neutrality targets, an ageing population and global geopolitical risks are challenges.

Monitoring review announcement

The ratings are supported by a wealthy, large and diversified economy, sound public finances and a strong external position. Transition risks and an ageing population are challenges.

Monitoring review announcement

The ratings are supported by a wealthy, large and diversified economy, sound public finances and a strong external position. Transition risks and an ageing population are challenges.

No action has been taken on the Federal Republic of Germany following a monitoring review.

No action has been taken on the Federal Republic of Germany following a monitoring review.

Monitoring review announcement