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Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable

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 …

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According to forecasts of the Ministry of tourism of Andorra, the Principality will be visited by 8 million tourists next year

According to forecasts of the Ministry of tourism of Andorra, the Principality will be visited by 8 million tourists next year, reported the Minister of tourism of Andorra Francesc Camp during a speech in the Parliament of Andorra. According to the Minister, traditionally the most of the tourists in Andorra are Spanish and French.

In 2015 …

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Andorra: ski conditions and snow report  

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Grandvalira and Vallnord ski conditions and snow report

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In spite of the decrease of the amount of Russian citizens, Andorra expects 1.8% growth of the amount of tourists during the winter season of 2014-2015

The Minister for Tourism Francisc Camp claimed that in comparison to the previous year Andorra  expects 1.8%  growth of the amount of tourists during the winter season of 2014-2015. In accordance to his words, for the last 6 months the Principality has invested more than 3.5 mln euro for the improvement of touristic and telecommunication …

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