Credit rating agency Moody's confirms confidence in Germany, granting it triple AAA rating with stable outlook. The positive assessment is a direct consequence of the highly diversified, competitive and advanced German economy, underpinned by policies aimed at ensuring economic stability. However, Moody's points out that we need to keep an eye on the decline in the workforce - which is gradually increasing - and the gradual increase in the average age of the German population, which is getting older.
These two factors must be weighed carefully since, the rating agency underlines again, they could have negative repercussions on the potential rate of growth and on the sustainability of the country and welfare systems. However, Thorsten Nestmann, senior analyst at Moody's, is keen to let us know how this assessment is not an intervention on the country's sovereign rating, which continues to have "a highly competitive economy, very well integrated into global exchange flows and capital".
