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Fitch Affirms Belgium at 'AA-'; Outlook Stable
Fitch Ratings has affirmed Belgium's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. table Belgium's ratings balance high public sector indebtedness against high income per capita compared with the 'AA' median and macroeconomic stability. Governance indicators are slightly below the peer median, although still robust, and the net external position is projected to turn negative. The high level of public debt is partially mitigated by its improved sustainability through lower borrowing requirements, lower interest rates and increased average debt maturity. Federal and regional ... (full story)