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Article: LUXEMBOURG: MOODY'S ISSUES ANNUAL REPORT ON LUXEMBOURG.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- September 23, 2008
CopyrightCOPYRIGHT 2008 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Luxembourg's Aaa local and foreign currency government ratings, with a stable outlook, are supported by excellent economic strength, highly robust institutions and extremely solid public finances, contributing to a very high resistance to event risk, Moody's Investors Service says in its new credit analysis on Luxembourg. Key challenges relate to the recent turbulence in the global credit markets given the importance of the financial sector to the country's economy. "Thanks to successful economic diversification policies, a geographic location in the centre of Europe and the availability of a highly educated, multilingual (cross-border) workforce, Luxembourg has ...