International Internet Magazine. Baltic States news & analytics
Friday, 29.08.2014, 12:58
Estonia's credit strengths are supported by steady economic growth that, demographic constraints notwithstanding, is aided by the country's diversified, albeit small, economy, its moderately high level of affluence and the longer-term prospects for economic convergence with the core euro area, Moody’s Investors Service said in its annual review of the Estonian economy, reports LETA.
Keyword tags: Analytics, Economics, Estonia, Financial Services, Investments, Rating
At the end of last week, the international ratings agency Standard & Poor’s reaffirmed Estonia’s long-term State rating at its former high level of AA-, with a stable outlook, reports LETA, referring to the Ministry of Finance.
International rating agency Fitch has positively assessed consistent steps of Lithuania in pursuit of sustainability of public finances and the fact that the Economic and Financial Affairs Council (ECOFIN) approved of the recommendation to adopt the euro in Lithuania on 1 January 2015, and upgraded Lithuania's long-term borrowing rating from BBB to A-, reports LETA/ELTA.
International ratings agency Moody’s Investors Service (''Moody's'') has today upgraded Latvia’s government bond rating by one notch to ''Baa1'' from ''Baa2''. The outlook on the rating is stable, the company announced in a statement, cites LETA.
Estonia is on the 12th position in the fresh European Union competitiveness rankings list, compiled by the World Economic Forum, LETA/Postimees Online reports.
The 2014 Baseline Profitability Index (BPI), presented in Foreign Policy magazine by Daniel Altman, rates Lithuania the most favourable country for investment in the Baltic States and ranks it second in Europe for expected investment returns. Estonia is ranked 18 and Latvia – 22nd, writes LETA/ELTA.
Rating agency Fitch confirmed the rating of Estonia at its current high level of A+ with a stable outlook, LETA/Postimees Online cites the Ministry of Finance.