On 18 August 2020, Standard & Poor’s affirmed Credendo – Export Credit Agency’s ratings. The ‘AA’ long-term issuer credit rating and the ‘A-1+’ short-term issuer credit rating are maintained. The outlook remains stable.
Credendo’s critical role in supporting Belgium’s trade policy and the integral link with the Belgian government are considered positive major rating factors. Another positive factor is Credendo’s level of capital in reserves, which makes the company highly resilient in the current deteriorating economic environment.
The full report is available here.