YEREVAN, January 10. /ARKA/. Germany saw its AAA credit rating reaffirmed by Standard & Poor's this morning.

S&P also maintained a 'stable' rating on Germany, saying Europe's largest economy was well-placed to handle any shocks.

“The ratings on Germany reflect our view of its modern, highly diversified, and competitive economy, and the government's track record of prudent fiscal policies and expenditure discipline”, says the report.

“Furthermore, we believe the German economy has demonstrated its ability to absorb large economic and financial shocks”, S&P analysts say. –0--