Andorra, Government of -- Moody's assigns Baa2 rating to Andorra; stable outlook
Rating Action: Moody's assigns Baa2 rating to Andorra; stable outlookGlobal Credit Research - 04 Feb 2022Frankfurt am Main, February 04, 2022 -- Moody's Investors Service ("Moody's") has assigned a Baa2 long-term issuer rating to the Government of Andorra and has also assigned a stable outlookThe assignment of the rating balances the following factors:1. Moody's expectation that Andorra's government balance sheet will gradually recover from the pandemic shock;3. A moderate level of economic strength balancing a wealthy economy with constrained growth potential and exposure to a very large banking sector.The stable outlook reflects Moody's expectations that Andorra's credit profile will remain resilient to the pandemic environment.
