Last July, the credit rating company Fitch Ratings lowered Finland’s rating from the second best AA+ class to the third best AA class.
Credit rating agency Moody’s keeps Finland’s rating unchanged, report Treasury.
Finland’s rating remains at the second highest Aa1 level.
The outlook for the rating is stable, but according to the company, the announcement given now does not indicate whether the rating may change or remain unchanged in the near future.
– The assessment gives a clear message that the government has taken the right steps. But the message is also that we must continue to strengthen the Finnish economy, especially the public economy. Adjustment measures will continue in the next government term, says the finance minister Riikka Purra (ps.) in the bulletin.
According to Moody’s, the credit rating is supported by Finland’s strong institutions, high wealth level and educated workforce.
– Although the government has an ambitious plan to improve the public finances, weak economic development has had the opposite effect and reduced the effects of the adjustment packages, Moody’s says.
According to Moody’s, however, with the structural reforms and adjustment measures, Finland’s public finance deficit will narrow and the debt burden will stabilize.
Last July, credit rating company Fitch Ratings fat From the second best AA+ class in the Finnish classification to the third best AA class.
The news is updated.
