Fitch Ratings



Fitch Ratings upgrades Andorra to an A- rating                              

In its latest rating, of 8th July, Fitch Ratings upgraded Andorra to A-, with a stable outlook. This is the Principality’s highest rating to date. In the previous report, of January, 2022, the Principality was rated BBB+. Both the improvement in public finances and the reduction in the debt-to-GDP ratio were much better than forecast at the beginning of the year, and were the reasons why Fitch Ratings awarded Andorra an A- rating. Among other factors, the report also highlights …

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