Standard & Poor’s Ratings Services on Friday raised its outlook
on the Netherlands to positive from stable, citing a broadening economic
recovery.
S&P affirmed the country’s double-A-plus rating, which is one step below triple-A.
The credit ratings firm said the positive outlook reflects a one-in-three probability that it could raise its ratings on the Netherlands within the next 24 months if economic growth prospects improve further.
S&P said it expects the Dutch economy to expand by about 1.7% annually through 2017, up from 0.9% growth last year and more than the firm predicted six months ago. The European Commission has projected 1.6% growth this year and 1.7% growth next year.
The firming of the eurozone’s growth prospects will continue to support demand for Dutch goods and services, S&P said, adding that demand from trading partners outside the eurozone should be supported by euro depreciation.
Read more: S&P Raises Outlook on Netherlands - WSJ
S&P affirmed the country’s double-A-plus rating, which is one step below triple-A.
The credit ratings firm said the positive outlook reflects a one-in-three probability that it could raise its ratings on the Netherlands within the next 24 months if economic growth prospects improve further.
S&P said it expects the Dutch economy to expand by about 1.7% annually through 2017, up from 0.9% growth last year and more than the firm predicted six months ago. The European Commission has projected 1.6% growth this year and 1.7% growth next year.
The firming of the eurozone’s growth prospects will continue to support demand for Dutch goods and services, S&P said, adding that demand from trading partners outside the eurozone should be supported by euro depreciation.
Read more: S&P Raises Outlook on Netherlands - WSJ
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