-
Fitch Affirms Germany at 'AAA'; Outlook Stable
Germany's 'AAA' rating reflects its diversified, high value-added economy, record of sound public finances and strong institutions as reflected in the World Bank's governance indicators. The rating is also supported by Germany's position as the benchmark sovereign issuer in the eurozone, which ensures very strong financing flexibility. The record of persistent, high current account surpluses demonstrates the competitiveness of Germany's export sector and supports its net external creditor and positive net international investment position. Stagnation, Weak Recovery: Fitch expects the German economy to contract by ... (full story)