The Netherlands' 'AAA' rating is supported by a high value-added, flexible and open economy, a structurally strong external position and effective institutions, as reflected in the World Bank's governance indicators. The Netherlands' public debt ratio has risen further above the 'AAA' median as a result of the policy response to the coronavirus pandemic in 2020. Nevertheless, a strong record of sound fiscal management and the authorities' plans to narrow the deficit beginning in 2022 gives confidence that the debt ratio will decline over the medium term after the coronavirus pandemic subsides.
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Fitch Affirms Netherlands at 'AAA'; Outlook Stable
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