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Global rating agency Fitch confirms AAA rating for Netherlands

Global rating agency Fitch confirms AAA rating for Netherlands

AMSTERDAM: Global rating agency Fitch suggested that the AAA rating of the Netherlands was confirmed, the Dutch economy this year shows a slow recovery after the contraction of the last two years.

Fitch expects the Dutch economy this year with 1.2 percent growth. Hence the CRA is slightly less optimistic than before.

The Netherlands is classified unchanged by Fitch in the countries with the highest credit rating (AAA). Even rival Moody’s sees the Netherlands as a ‘triple A’ country. Standard & Poor’s (S & P) stripped Netherlands late 2013 that status S & P Netherlands has the stamp AA +.

Further previously predicted an increase of 1.4 per cent for 2015, the adjustment blames Fitch to the weaker outlook in the euro area, which plays the Dutch export tricks.

Fitch pointed to the recovery of the Dutch housing market and increased consumer confidence. However, with high household debt remains the growth of consumption.

The S & P maintained the AAA rating of Germany. Luxembourg is the only other euro country that predicate adds S & P. Outside the euro area, inter alia, Denmark, Sweden, Switzerland and Britain classified in the highest category.