The international rating agency S&P Global Ratings has confirmed Liechtenstein's AAA country rating in its semi-annual review and issued a stable outlook. This makes Liechtenstein one of only 11 countries to receive the top rating.

Head of Government Brigitte Haas is very pleased about the renewed confirmation of the exceptional stability of Liechtenstein's economy. "Especially in today's globally challenging environment, characterized by great uncertainty, such a rating is anything but a matter of course. It is a sign of the successful work of the people and companies in our country," said the Head of Government. The international rating shows Liechtenstein's attractiveness as a secure and stable business location. The government also sees the rating as a mandate to continue to act with foresight and proactively and to ensure good framework conditions for Liechtenstein's economy.

In its report, the rating agency particularly emphasizes the healthy financial situation of the public finances and the extensive financial cushion. Liechtenstein's integration into the EEA, the customs and monetary union with Switzerland and its membership of the IMF are advantageous for the country. The government's initiatives associated with joining the IMF will also improve Liechtenstein's economic statistics in the future, as S&P Global positively emphasizes in the report.

Although global uncertainty and lower demand from key trading partners are dampening investment and exports, the rating agency expects Liechtenstein's open and innovative economy to adapt quickly to these challenges. Liechtenstein has already demonstrated this flexibility in the past. Accordingly, S&P Global expects a slight decline in GDP in the current year, but forecasts a recovery next year and average growth rates of 1.7% for the coming years 2026-2028.

According to S&P Global, the high level of political efficiency and the prudent regulatory framework protect the country's creditworthiness from global economic and financial uncertainties. The government will continue its policy of proactively adopting international standards and promoting cross-border cooperation in order to maintain and further strengthen the stability and success of Liechtenstein's economy.

The rating report is available on the website of the Ministry of Presidential Affairs and Finance.