Financial experts continue to regard Saxony as a particularly reliable debtor. The rating agency Standard & Poor's once again confirmed the top rating of "AAA" for the Free State. This means that the state can continue to borrow money on the capital market at comparatively favorable conditions. The analysts now rate the outlook as "stable", according to the Saxon Ministry of Finance.
Last year, Standard & Poor's also awarded the highest rating, but still had a negative outlook. This was due to structural deficits in the state budget. At the time, the very good credit rating was still linked to the warning and expectation that the existing structural budget deficits should be tackled decisively.
