Fitch Ratings made public Andorra’s latest rating, affirming it at BBB with Positive Outlook.

 

On February 16 Fitch Ratings made public Andorra’s latest rating, affirming it at BBB with Positive Outlook. In its sixth evaluation of the country’s sovereign’s debt it highlights the decrease of public debt, the improvement in fiscal financing flexibility and the growth Dynamics in the Andorran economy.

The report also highlights the Andorran authorities efforts over recent years to align the regulatory environment, especially in the financial sector, in line with European and International standards, and to adopt International standards of transparency and exchanges of information for tax purposes. It also refers to the fact that in December the European Union published a black list of non-compliant jurisdictions outside the EU, and Andorra was not on the list.