S & P confirmed the sovereign rating of Germany

International rating agency Standard & Poor’s (S & P) confirmed the long-term sovereign credit rating of Germany at “AAA” with a stable outlook. Short-term sovereign credit rating maintained at “A-1+”.

The agency’s analysts believe the German economy is highly developed and diversified. In addition, S & P calls for prudent fiscal policy of the German government. According to experts of the agency, the German economy will remain stable and will show very modest growth in the medium term. The average GDP per capita can be 1% per year over the period from 2013 to 2016, despite an expected slowdown in the economy in 2013 to 0.4%.

The German economic model is characterized by a high level of exports, investment, and economic competitiveness, but on its trade balance, according to S & P, debt reduction may affect major trading partners, which could reduce the demand for goods from Germany.