Fitch Confirms Flanders’ AA Rating
On Friday, 8 July 2022, Fitch confirmed the AA long-term rating of Flanders with stable outlook. The short-term rating remained at F1+.
Fitch’s latest report proves that Flanders has a solid economy with indicators above the Belgian and European average. Five out of the six Key Risk Factors (KRFs) were assessed as ‘stronger’:
- revenue robustness
- revenue adjustability
- expenditure sustainability
- liabilities & liquidity robustness
- liabilities & liquidity flexibility
Flanders’ rating is the highest of all Belgian regions and communities and is even one notch above the Belgian federal rating. Flanders thus remains one of the few European regions to which Fitch assigned a rating higher than that of the sovereign.
The current contract with Fitch runs from 1 March 2020 to 29 February 2024.