Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable. Fitch has also affirmed the Short-term foreign currency IDR at ‘F2’ and Country Ceiling at ‘A-‘.
According to Fitch statement Andorra’s ‘BBB’ IDR reflects the following key rating drivers:
Andorra is a small wealthy and politically stable economy. Its ratings …More