Announcements

    Drinks

      Scope affirms the Kingdom of Belgium's ratings at AA-; revises the Outlook to Negative from Stable

      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 completed a monitoring review of the Kingdom of Belgium

      31/3/2023 Monitoring note EN

      Scope completed a monitoring review of the Kingdom of Belgium

      Monitoring review announcement

      Scope affirms the Kingdom of Belgium's credit ratings at AA- and maintains the Stable Outlook

      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 takes no action on the Kingdom of Belgium

      29/4/2022 Monitoring note EN

      Scope takes no action on the Kingdom of Belgium

      No action has been taken on the Kingdom of Belgium following a monitoring review.

      Scope takes no action on the Kingdom of Belgium

      19/11/2021 Monitoring note EN

      Scope takes no action on the Kingdom of Belgium

      No action has been taken on the Kingdom of Belgium following a monitoring review.

      Scope downgrades the Kingdom of Belgium's ratings to AA-; Outlook revised to Stable

      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 takes no action on the Kingdom of Belgium

      22/1/2021 Monitoring note EN

      Scope takes no action on the Kingdom of Belgium

      No action has been taken on the Kingdom of Belgium following a monitoring review.

      Scope has completed a monitoring review for Belgium

      31/7/2020 Monitoring note EN

      Scope has completed a monitoring review for Belgium

      Monitoring review announcement

      Scope affirms Belgium’s rating at AA and revises the Outlook to Negative

      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.

      Scope affirms Belgium’s credit rating at AA with Stable Outlook.

      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.