The rating agency S&P has retained its top rating of “AAA” for Germany’s creditworthiness. S&P believes that, among other things, Germany’s prosperous and diversified economy and moderate public deficits and debt burdens continue to provide sufficient buffers for the rating, the agency said. The outlook for the rating remains stable. Nevertheless, the German economy is heading towards a recession in the next few months, according to the agency. The risks included weaker growth in Germany’s largest export markets, the EU, the USA and China, as well as energy rationing. But S&P expects Germany to be able to avoid gas rationing in the coming winter months as rising energy prices dampen demand enough to meet the official target of a 15 percent reduction in gas consumption. The stable outlook reflects that Germany can absorb the indirect effects of the war in Ukraine.
S & P – Good rating for Germany – Economy
