Posts tagged as Fitch

Fitch affirms Estonia credit rating at AA-stable

Monday, March 22, 2021

International credit rating agency Fitch has affirmed Estonia’s long-term sovereign rating at AA-stable, the finance ministry announced Friday. Estonia’s economy was less severely impacted by the COVID-19 pandemic than some other countries in the same rating bracket, Fitch says, though reducing the national debt burden once the virus starts to recede will be key to future development, the agency says. The rating is backed by Estonia’s strong institutions, EU and…

Fitch affirms Latvia’s rating at ‘A-‘; outlook stable

Monday, October 14, 2019

Fitch Ratings agency has affirmed Latvia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A-‘ with a Stable Outlook, the ratings agency informs. Fitch cited Latvia’s moderate budget deficit and government debt level, as well as institutional resilience ensured by membership in the EU and the euro area as the main factors supporting Latvia’s high credit rating. Residents’ low income, as well as a higher instability of gross domestic product and…

Fitch affirms Lithuania’s credit rating at A- with positive outlook

Monday, August 5, 2019

Fitch Ratings has affirmed Lithuania’s long-term foreign-currency issuer default rating (IDR) at “A-” with a positive outlook after positively assessing Lithuania’s public finance and economic situation, reported LETA/BNS. The credit agency’s experts state that Lithuania’s ratings balance strong economic institutions and sound public finances with a vulnerability to external shocks, the Ministry of Finance said. Fitch Ratings positively assessed Lithuania’s economy, the ongoing fiscal policy and the public’s sector’s good…

Fitch affirms Latvia’s credit rating at A– with stable future outlook

Monday, April 15, 2019

International credit rating agency Fitch Ratings maintains Latvia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A–‘, maintaining stable future outlook. Fitch notes the main factors that maintain Latvia’s credit rating at A– include strong state finances, institutional strengths and credible policy framework secured by membership in the EU and Eurozone. Among Latvia’s flaws, Fitch mentions low income level of the country’s residents, as well as high fluctuation of GDP and external…

Fitch upgrades Estonia to AA-, says economy is stable

Monday, October 8, 2018

Rating agency Fitch upgraded Estonia’s long-term foreign and local-currency issuer default ratings (IDRs) to AA- from A+ on Friday, adding that they expect it to remain stable at this point. As the key rating drivers behind the upgrade Fitch named Estonia’s current account surplus and “continued external deleveraging in the private sector, both of which have strengthened Estonia’s external position, underpinning a strong net external creditor position equivalent to 16.6%…