News: 2024.03.16
Rating agency Fitch affirmed Germany's long-term foreign currency issuer default rating at "AAA" with a stable outlook. Fitch said the rating reflects Germany's very strong fundamentals, despite some structural challenges, including the onset of an aging population.
Germany has always been the engine of the European economy, and its solid economic performance has provided strong support for its "AAA" rating. Even when faced with problems such as an aging population, the German government has actively taken measures to maintain economic growth.
Fitch noted that Germany's fundamentals are very strong, including a stable political environment, strong industrial strength and a high-quality education system. These factors provide a solid foundation for the long-term stability of the German economy.
Although Germany faces some structural challenges, such as an aging population, rating agencies believe that the German government has the ability to deal with these challenges. Through reform and innovation, Germany is expected to continue its economic growth.
Fitch's outlook is "stable," which means Germany's future foreign currency issuer default rating is expected to remain at the "AAA" level. This will further enhance investors' confidence in the German economy and promote economic development.