AMSTERDAM: The club of countries with a gold-plated credit rating just got a little bigger.
Netherlands has had its credit rating lifted a notch to AAA by Standard & Poor’s, the agency said, pointing to a stronger than expected economic recovery.
Helped by the weaker oil price, a robust consumer spending will drive GDP growth of about about 2 per cent over the next three years, S&P said in a statement.
The upgrade from S&P comes almost two years after the Netherlands lost AAA rating.
A slow improvement in the eurozone economy will also help Dutch export sector, which sends about half its exports to the UK, France, Germany and Belgium.
