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International Internet Magazine. Baltic States news & analytics Tuesday, 21.09.2021, 22:59

Moody’s upholds Estonia's high credit rating

BC, Tallinn, 28.08.2013.Print version
Ratings agency Moody’s reaffirmed Estonia A1 government bond rating with stable outlook, noting that it is supported by the country's resilient economic growth, low gross government debt and reserves that offer the necessary financial buffers, LETA/Postimees Online reports.

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.






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