Fitch Ratings reaffirms Andorra's rating at BBB+

The rating agency Fitch Ratings has published a new assessment of Andorra's sovereign debt after verifying an error in its internal methodology used in the evaluation issued last 10 August. The result of the new assessment, however, is the same as it reaffirms the long-term rating to BBB+ with a stable outlook, improving the previous rating of BBB. It also reaffirms the improved short-term indicator, which rose from F3 to F2. As for the country ceiling, it is also confirmed that it has increased, from A- to A+.

Source: The Government of Andorra´s Department of Communication