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Tuesday, 16.09.2014, 10:24
International credit rating agency Moody’s has upgraded Lithuania's long-term credit rating outlook from stable to positive, informs LETA/ELTA.
Keyword tags: Analytics, Economics, Investments, Lithuania, Rating
In the latest Global Competitiveness Report published by the World Economic Forum (WEF), Latvia has climbed 10 positions to reach 42nd place, while Switzerland remains the most competitive economy in the world. Estonia is still the most competitive – 29th, informs LETA.
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.
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.