On July 20, 2018, S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra. The outlook is stable.
The stable outlook balances our expectation of robust economic activity and sound fiscal performance against risks related to the large size of Andorra’s financial sector.
S&P could raise the ratings if
Andorra improves its …More