Fitch ratings to Baltic states at 'A' grade with stable or positive outlook
Fitch Ratings, the American credit rating agency, has set its long-term rating of all three Baltic states at the ‘A’ grade, as its evaluation of Estonia’s finances has been announced last week.
According to the firm’s London office, on May 4, Estonia’s long-term foreign- and local-currency issuer default ratings (IDRs) were affirmed at ‘A+’ with the outlook expected to positive.
As to Latvia, on April 27, Fitch set its long-term foreign-currency issuer default ratings at ‘A-‘ with a stable outlook.
Finally, the IDRs of Lithuania, the largest Baltic state, were affirmed by the agency in mid-February at ‘A-‘, also with a stable outlook.