Fitch Ratings has affirmed Belgium's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'AA' with Negative Outlooks. The issue ratings on Belgium's senior unsecured Foreign and Local Currency bonds have also been affirmed at 'AA' and the issue rating on commercial paper at 'F1+'. The Country Ceiling has been affirmed at 'AAA' and the Short-Term Foreign-Currency IDR at 'F1+'. KEY RATING DRIVERS Belgium's 'AA' IDRs reflect the following key rating drivers: Belgium's ratings balance the government's high public debt burden and persistent fiscal slippage in recent years against the economy's ... (full story)