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The agency Fitch Ratings confirmed the AAA rating of Luxembourg with a stable outlook, leaving the Grand Duchy one of only nine countries worldwide to hold the top rating by the three leading agencies SP, Moody's and Fitch. In its review of Luxembourg, Fitch highlights the open and innovative character of the Luxembourg economy, noting that it has had one of the strongest recoveries in the euro area. The analysis also underlines the positive effects of the "Zukunftspak" which came into force in 1 January 2015 and the good supervision of the financial sector.
Moreover, Fitch highlighted the weight of the financial sector in the Luxembourg economy, noting its strength and continued growth. Fitch also stated that the process "BEPS" (erosion of the tax base and profit...
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