S&P Global Ratings affirms Credendo – Export Credit Agency’s rating

On 24 August 2021, Standard & Poor’s affirmed Credendo – Export Credit Agency’s ratings. The ‘AA’ long-term issuer credit rating and the ‘A-1+’ short-term issuer credit rating are maintained. The outlook remains stable.
Credendo – Export Credit Agency’s critical role in supporting Belgium’s trade policy and the integral link with the Belgian government are considered positive major rating factors. 

In the same report, Standard & Poor’s reminds of the rating assigned to Credendo – Guarantees & Speciality Risks, the new entity of the group, resulting from the merger of Credendo – Excess & Surety and Credendo – Single Risk. 
Credendo – Guarantees & Speciality Risks has an ‘A-’ rating with a stable outlook.

The full report is available here.