S&P Affirms Belgium Ratings With Stable Outlook

(RTTNews) - Standard & Poor's on Friday affirmed Belgium's credit rating at 'AA/A­1+' with stable outlook, citing economic recovery and reforms that support the country's fiscal and external positions.

"We expect Belgium to reduce its public deficit and maintain a strong external position on the back of gradual economic recovery, supply side reforms, and fiscal consolidation," S&P said in a statement.

"The stable outlook reflects our view that Belgium's key economic, fiscal, and external credit metrics will remain broadly unchanged over the next two years," the agency added.