Andorra’s rating remains stable

Ratings determine an entity or country’s ability to repay its debts and the risk involved in investing. Andorra’s Baa1 is a medium rating, indicating medium risk.

Moody’s maintained the rating it had given the country in its previous report. The decision was made due to strict Public Financial Managementespecially its low debt levels, gradual reduction and costs. In terms of economic growth, the relevant risks are balanced And forecast the country’s real GDP growth 1.8% number 2024 and 1 1.4% in 2025The agency said the estimate was partly due to the gradual diversification of the economy.

Moody’s also gave a positive assessment National Reserve and Fiscal surplus It will be 2.3% in 2023 and is expected to be 2.1% in 2024.

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