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Fitch
Saturday, 10 August 2024 - 19:50

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Credit rating agency Fitch gives the Netherlands its highest rating

The main agreement of the PVV, VVD, BBB, and NSC does not endanger the Dutch AAA rating at the credit rating agency Fitch. This highest rating indicates that lending money to the Dutch state is particularly safe. This is important because a high score makes borrowing money at favorable interest rates easier for a country.

The rating agency says the Netherlands' finances still look good. Experts predict the national debt will increase somewhat in the coming years, but there is room for that.

Fitch states that several plans for the new Cabinet seem feasible. These include cuts in the area of ​​immigration and the plan to reduce the government's civil service. "But the proposal to reduce EU contributions will be difficult, as it cannot be decided unilaterally by the Dutch government."

In May, the rating agency S&P Global gave our country the maximum credit rating. On paper, it concerns a more generous budgetary policy, said the credit rating agency regarding the main lines agreement. However, given the low national debt, the budgetary space of the Netherlands would be sufficient.

Reporting by ANP

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