German credit rating unchanged

Standard&Poor’s has left the long-term credit rating of Germany at AAA, the short-term rating at A-1+ with a stable forecast, RIA Novosti reports.

Germany has an advanced, diversified and competitive economy, it gives foreign loans, it is capable of overcoming economic shocks, its exports and investments give profit, it has no need for budget consolidation. Restoration of consumer demand will gradually increase in the next few years.