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BRIEF-Moody's lowers Luxembourg's 2017 GDP growth expectation
November 23, 2017 / 6:21 PM / 21 days ago

BRIEF-Moody's lowers Luxembourg's 2017 GDP growth expectation

Nov 23 (Reuters) -

* Moody’s says Luxembourg’s credit profile reflects high wealth levels, strong growth and sound institutions​

* Moody’s lowered its GDP growth forecast for 2017 to 2.8% year-on-year from 4.3% previously‍​

* Expects the debt burden to increase slightly to 23% of gdp in 2017

* Risks to Luxembourg’s creditworthiness remain very low

* Luxembourg’s key credit challenges relate to uncertainty over Luxembourg’s medium- to long-term economic growth prospects Source text for Eikon: (Bengaluru Newsroom: +1 646 223 8780)

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