The rating agency lowered the rating of the country by one notch to "AA +" to "AA". It could further deteriorate in the future. Outgoing Prime Minister of Belgium Yves Leterme, the ordinary business since April 2010

Belgium was sanctioned Friday by the rating agency Standard and Poor's, because of its debt and therefore the political crisis through which it passes for over 500 days and paralyzing currently discussing the formation of the next budget. The rating agency lowered the rating of the Kingdom by one notch to "AA +" to "AA". It could further deteriorate in the future.

Reacting immediately, the Prime Minister Yves Leterme current affairs said that the decision was "naturally bad news," before launching an appeal to political parties to reach agreement within 48 hours on the budget.The country's leaders also face pressure from the European Commission threatening Belgium with a fine of 700 million euros if a tight budget is not completed by mid-December.

Continuing difficulties in the financial sector

It is this urgency and the lack of credibility of the country has pointed Standard & Poor's lowering the rating of the kingdom. Involved: "difficulties in the financial sector" which may require greater support by the government which would increase the already high debt of the country and especially the context of "political uncertainty" that continues to affect the credibility of Belgium as a borrower.