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Fitch Affirms Germany at 'AAA'; Outlook Stable
Fitch Ratings has affirmed Germany's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook. The 'AAA' ratings reflect Germany's diversified, high value-added economy, strong institutions and history of sound public debt management. The large structural current account surplus supports the country's net external creditor position. Germany's position as the primary benchmark issuer for the eurozone affords it significant financing flexibility. General government debt, at 61% of GDP at the end of 2018, is higher than the current 'AAA' median of 44%, but is on a firmly downward path. The ... (full story)