Standard & Poor’s affirmed Germany’s AAA rating with a Stable outlook.
S&P also raised its 2023 growth forecast for the eurozone to 0.3% from 0.0% while the outlook for 2024 was cut to 1.0% from 1.4%.
Eurozone’s February Private Sector Loans 3.2% yr/yr (expected 3.6%; last 3.6%) and loans to nonfinancials 5.7% yr/yr (expected 5.8%; last 6.1%)
Germany’s March ifo Business Climate 93.3 (expected 91.0; last 91.1). March Current Assessment 95.4 (expected 94.1; last 93.9) and Business Expectations 91.2 (expected 88.3; last 88.4)