Fitch affirms Germany at 'AAA'

Fitch Ratings has affirmed Germany's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook, Report informs.

Germany's 'AAA' rating reflects its diversified, high value-added economy and strong institutions. The rating is also supported by a record of fiscal prudence and very low government financing cost. The record of persistent, high current account surpluses demonstrates the competitiveness of Germany's export sector and supports its net external creditor and positive net international investment position.

Notwithstanding these strengths, Germany is faced with several structural challenges, including a rapidly aging population that is starting to put pressure on the public finances and the labor market.

Germany's post-pandemic economic performance remains weak, Fitch noted.