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Rating agency S&P confirms top rating for Germany

The rating agency expects GDP in Germany to drop by almost two percent. Source: dpa
Rating agency S&P

The rating agency expects GDP in Germany to drop by almost two percent.


(Photo: dpa)

Berlin The rating agency S&P has confirmed Germany’s top rating. The country holds the grade “AAA / A-1 +”. The assessment reflects the strong financial buffer that Germany has. Government finances are in good shape and have enabled a strong response to the economic impact of the coronavirus pandemic.

The rating agency assumes that gross domestic product in Germany will shrink by 1.9 percent this year.

More: Read all current developments regarding the corona pandemic here.

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