Crisis? Creditworthiness of the Netherlands still at the highest level | Financial

The major economic blow of the corona crisis and the massive government support to companies have therefore not ensured that the Netherlands receives a less good assessment.

Low interest rates

Because the so-called AAA rating indicates that it is particularly safe to lend money to the Dutch state, it ensures that the interest rate on government bonds remains very low. The prognosis for the coming period is also stable, according to Moody’s. A rapid adjustment of the credit assessment is therefore not to be expected.

Six months ago, Moody’s experts spoke of the biggest economic blow to the Netherlands since the Second World War. Now they emphasize that the Dutch economy was actually quite resilient last year.

social safety net

For example, the Netherlands has managed to maintain its position in world trade fairly well, while this has clearly happened less with some other European countries. The experts also praise the Dutch social safety net and government support to keep as many people as possible in work during the crisis and to ease the economic pain of the pandemic.

Looking ahead, Moody’s expects the Netherlands to recover quickly, despite the economic contraction in the first quarter of this year. During the pandemic, the Dutch have saved a lot, and it is expected that people will spend that hoarded money en masse when all virus worries are over.

In its new rating report, Moody’s follows the other major credit rating agencies. Fitch and Standard & Poor’s (S&P) previously gave the Netherlands a AAA rating.

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