US EditionFinland Credit Rating Cut at Fitch as Debt Pile Keeps Growing
13 Articles
13 Articles
Finland's credit rating cut as debt rises and reforms stall
Finland’s long-term credit rating has been downgraded by Fitch Ratings from AA+ to AA, the country’s lowest rating in nearly thirty years. The downgrade reflects Fitch’s concerns about Finland’s rising public debt, sustained budget deficits, and a lack of sufficient measures to correct the imbalance. The outlook remains “stable”. Fitch stated that current government policies are unlikely to stop the growth of the debt-to-GDP ratio.
According to Prime Minister Orpo, the government will discuss new decisions required by the situation during the budget session. According to Finance Minister Purra, the decrease did not come as a surprise.
However, according to the company, Finland's economic outlook is stable.
For the first time in almost a decade, Finland's credit rating was downgraded by the Fitch Rattings rating agency because of its inability to contain the rapid growth of public debt, Bloomberg writes.
Fitch lowered Finnish credit rating from AA+to level AA – The Observatorial
Credit rating|According to Finance Minister Riikka Purra (ps), the decline in the Finnish credit rating did not come as a surprise. Credit rating company Fitch Ratings has fallen The second best AA+class in the Finnish classification to the third best AA class. However, according to the company, Finland’s economic outlook is stable. According to the […]
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
