Strengthened fiscal outlook, sustained GDP growth, and improved external resilience drive the upgrade. Structural labour supply shortages and adverse demographic trends are challenges.

The periodic review has resulted in no rating action.

Weak public finances, rising policy uncertainty challenging the predictability of US policymaking weigh on the outlook. A wealthy, competitive economy, institutional resilience and the dollar’s reserve currency status anchor the ratings.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

Notification on the change of solicitation status

The periodic review has resulted in no rating action.

Resilient budgetary performance, solid liquidity position, low debt compared to peers and solid economic prospects support the rating. Limited flexibility in revenue and expenditure are constraints.

A wealthy economy, strong fiscal fundamentals and a robust external position are credit strengths. Exposure to external shocks as a small, open economy, ageing-related fiscal pressures and financial imbalances are challenges.

The withdrawal follows Scope’s decision to cease analytical coverage due to business reasons.