On July 20 the rating agency S&P affirmed its BBB /A-2 rating of Andorra with the country’s outlook remaining stable.
The economic performance with a positive real GDP growth combined with prudent fiscal measures is viewed positively by the Agency.
S&P highlights the government’s reform agenda in regulation and financial supervision as well as in fiscal matters which align Andorra to international standards, as well as the high parliamentary consensus in the adoption of these measures.
The report also highlights the solidity of government finances, sustained by effective economic and fiscal policies.