On Friday, rating agency Scope Ratings confirmed that Luxembourg would retain its AAA credit rating, citing the country’s stable financial outlook.
According to the Ministry of Finance, Scope Ratings highlighted, among other factors, the resilience of the Luxembourg economy. The agency noted the Grand Duchy’s “high productivity” and “dynamic sectors”, such as finance and IT.
Following moderate growth in 2025, the short-term forecast remains closely tied to the international situation – particularly energy prices and the geopolitical landscape in West Asia. Scope Ratings noted that Luxembourg is comparatively resilient in this context, mainly due to its relatively low energy consumption.
Even as Luxembourg plans to increase its defence spending, Scope Ratings also emphasised the solidity of the country’s public finances, despite potential risks such as energy inflation and possible rises in wages and social benefits.
Before Scope Ratings, Standard & Poor’s, and Moody’s had already reaffirmed their AAA ratings for Luxembourg in late January and mid-February, respectively.
