Standard & Poor’s improves Andorra´s rating
The ratings agency Standard & Poor’s (S&P) published Andorra´s rating on Friday night and gave it a BBB+/A-2 with a stable perspective. This is the best rating for the Principality since 2014, in other words, before the crisis of the BPA affair. In its last evaluation, in January 2022, the rating was BBB/A-2 with a positive perspective and, now, becomes a BBB+/A-2 with a stable perspective. In their report, the assessors highlight that the improvement reflects an “economic and budgetary recovery by Andorra since mid-2021”. “The preliminary data from the first quarter of 2022 point to a strong increase in growth [...]