Fitch affirms Estonia credit rating at AA-stable

International credit rating agency Fitch has affirmed Estonia’s long-term foreign-currency issuer default rating at ‘AA-‘, with a stable outlook.

Fitch announced Friday that: “We forecast the fiscal deficit to narrow to 3.5 percent of GDP in 2021 from 4.9 percent in 2020, much better than our previous projection of 4.2 percent of GDP and the government’s forecast of 6.0 percent of GDP.

“Tax receipts are strong as job losses have been concentrated mainly among low-wage sectors of the economy, such as trade, accommodation

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *