Political standstill punished

Belgium’s credit rating has been dropped by the European credit rating agency Scope, to A+, which means Stable Outlook.

The reason for the drop by Scope, is the fractured political landscape of Belgium, which isn’t able to get a budget arranged for 2026, because the coalition doesn’t get along.

It was just a matter of time before Belgium’s rating got lowered by one or more rating agancies. I am sure Moody’s, S&P and Fitch will follow soon. As Belgium’s debt is spiralling out of control, and the future isn’t looking any better!

Sincerely,

Pele23

Posted Using INLEO