The rating agency Fitch has “lowered the perspective” of Belgium, pointing to its deficits. A week before the conclave, Minister Alexia Bertrand does not minimize, and calls for reducing “the growing burden of pension expenditure”. For his part, Giuseppe Pagano, economist, considers it necessary to retrace “a trajectory of debt reduction”.
For David Coppi
Lhe rating agencies are on the prowl like every time the difficulties pile up, you have to be careful. In this case, Fitch lowered Belgium’s outlook from “stable” to “negative”, we learned in a press release sent 48 hours ago, the country’s rating being however maintained at “AA-“, in the seventh rank on a scale comprising about twenty and each measuring the risk of financial solvency of a State or a company.
Nothing serious at this point, but it’s a warning. Fitch, Moody’s and Standard & Poor’s, the three well-known neoliberal rating agencies, can make the financial markets rain or shine, and have specialized in rain, sometimes even thunder.
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