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12 Jul 2013
S&P keeps German AAA credit rating unchanged
FXstreet.com (Barcelona) - Standard & Poor's has affirmed on Friday Germany's top triple-A sovereign credit rating, with a stable outlook.
The rating agency justified its decision saying that “Germany has a highly diversified and competitive economy with a demonstrated ability to absorb large economic and financial shocks.”
As far as the outlook on the long-term rating is concerned, S&P's decision to keep it 'stable' reflects their view that: “Germany's public finances and strong external balance sheet will continue to withstand potential financial and economic shocks.”
The rating agency justified its decision saying that “Germany has a highly diversified and competitive economy with a demonstrated ability to absorb large economic and financial shocks.”
As far as the outlook on the long-term rating is concerned, S&P's decision to keep it 'stable' reflects their view that: “Germany's public finances and strong external balance sheet will continue to withstand potential financial and economic shocks.”