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Friday, 26.04.2024, 14:07
Fitch affirms Estonia rating at A+
BC, Tallinn, 23.11.2015.
Print version
Print versionFitch on November 20th affirmed Estonia's long-term foreign and local currency issuer default ratings (IDR) at A+, with the outlook as stable, the international rating agency said in a press release, cites LETA/BNS.
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Estonia's ratings are supported by a strong sovereign balance sheet, strong credit fundamentals including governance indicators and a high level of economic development compared with rated peers, and a sound macroeconomic policy framework, the agency said.
Fitch expects the Estonian economy to grow 1.5% this year and forecasts that growth will pick up over the next two years to 2.8% in 2016 and 3.4% in 2017.
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