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Friday, 16.05.2025, 09:18
S&P reiterated Estonia’s State rating at its high level
BC, Tallinn, 08.07.2014.
Print version
Print versionAt 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.
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The short-term rating was set at the level A-1+.
According to the agency, Estonia’s strengths lie in its political stability, conservative public finances and flexible economy.
The agency expects Estonia to see an economic growth of 1.2% in 2014, and that of 2.6% in 2015. According to S&P, by the year 2016, the growth ought to accelerate to 3.5%.
The agency expects that Estonia’s budgetary deficit will be in a deficit of 0.2% during the years 2014-2017, which is one of the best indicators in the entire European Union. In its press release, S&P mentions the recent change in the Government coalition, and states that in their estimation, new budgetary measures will not cause any fiscal risks.
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