Standard & Poor's affirms Belgium's credit rating

Market news

18 January 2016

Standard & Poor's affirms Belgium's credit rating

Standard & Poor's affirmed Belgium's credit rating at 'AA/A1+' on Friday. The outlook is stable.

The agency noted that economic recovery and reforms support the fiscal and external positions.

"We expect Belgium to reduce its public deficit and maintain a strong external position on the back of gradual economic recovery, supply side reforms, and fiscal consolidation," S&P said.

EY Item Club expects the U.K. economy to expand 2.6% in 2016

European Central Bank purchases €15.27 billion of government and agency bonds last week

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