Belgium’s Credit Rating Cut by Fitch as Budget Concerns Linger

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Credit rating agency Fitch is cutting Belgium's rating because it expects continued large budget deficits and a further increase in government debt. This may make it more expensive for our country to borrow money.

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Rating agencies Fitch and Standard & Poor’s lowered the creditworthiness of Belgium and Brussels on Friday. That could eventually lead to them having to pay more interest on loans. But it is certainly also politically very annoying.