International Internet Magazine. Baltic States news & analytics
Tuesday, 10.12.2013, 06:45
Moody’s upholds Estonia's high credit rating
Moody’s acknowledges Estonia's ability to adjust, consistency in implementing structural reforms and determination in fulfilling the budgetary policy aims as well as the state's institutional strength.
Estonia's credit challenges stem from the small size of its economy, which is extremely open compared with that of most A-rated peers and which renders it vulnerable to external shocks. Estonia's main long-term credit challenge is its shrinking working-age population due to adverse demographics and emigration.