Moody's Maintains A1 Rating for Estonia ({{commentsTotal}})

Source: Photo: Reuters/Scanpix

Moody's Investors Service has affirmed Estonia's A1 government bond rating and stable outlook, citing what it called resilient economic growth, moderately high wealth and long-term prospects for economic convergence with the core euro area.

In a statement on Thursday that accompanied its report on the country's creditworthiness, the rating agency stessed that the report is "an update to the markets and does not constitute a rating action."

“The rating is also supported by the government's track record of fiscal rectitude and low gross government debt, which is forecast at 10.2% of GDP this year. Moreover, liquid financial assets equivalent to around 9% of estimated 2013 GDP provide a significant financial cushion in times of stress,” the rating agency said in a press release today.

The agency said the size of the nation's economy, its extreme openness and vulnerability to external shocks are a threat to its current high rating, while the main long-term challenge is the demographic decline.

Estonia's bond rating has remained unchanged since late 2002.



ERR kasutab oma veebilehtedel http küpsiseid. Kasutame küpsiseid, et meelde jätta kasutajate eelistused meie sisu lehitsemisel ning kohandada ERRi veebilehti kasutaja huvidele vastavaks. Kolmandad osapooled, nagu sotsiaalmeedia veebilehed, võivad samuti lisada küpsiseid kasutaja brauserisse, kui meie lehtedele on manustatud sisu otse sotsiaalmeediast. Kui jätkate ilma oma lehitsemise seadeid muutmata, tähendab see, et nõustute kõikide ERRi internetilehekülgede küpsiste seadetega.
Hea lugeja, näeme et kasutate vanemat brauseri versiooni või vähelevinud brauserit.

Parema ja terviklikuma kasutajakogemuse tagamiseks soovitame alla laadida uusim versioon mõnest meie toetatud brauserist: