On March 13, Jinshi Data News reported that the rating agency Fitch Ratings stated that the 'ReArm Europe' plan proposed by the European Union will reduce the EU's rating space, mainly due to the increase in EU-level debt, but it will not in itself lead to a rating downgrade. Although increased defense spending may affect the 'AAA' ratings of member countries in the medium term, 'ReArm Europe' will also reaffirm the policy importance of the European Union, which is a key factor in ratings.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Fitch: The 'rearmament' plan will drop the EU's 'AAA' rating space.
On March 13, Jinshi Data News reported that the rating agency Fitch Ratings stated that the 'ReArm Europe' plan proposed by the European Union will reduce the EU's rating space, mainly due to the increase in EU-level debt, but it will not in itself lead to a rating downgrade. Although increased defense spending may affect the 'AAA' ratings of member countries in the medium term, 'ReArm Europe' will also reaffirm the policy importance of the European Union, which is a key factor in ratings.