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Dagong Maintains the Sovereign Credit Ratings of Germany at AA+ with a Stable Outlook

Dagong Global Credit Rating Co., Ltd. (hereafter referred to as “Dagong”) has decided today to maintain the local and foreign currency sovereign credit ratings of the Federal Republic of Germany (hereafter referred to as “Germany”) at AA+, each with a stable outlook. Germany’s repayment environment is widely stable while consumption and investment bring steady economic growth. The continuing fiscal surplus leads the government debt burden to continue declining, thus government solvency in local and foreign currency remains sound. [...]