Moody‘s credit rating agency has upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook).
Reitingų agentūra Moody‘s
© Reuters/Scanpix

Moody’s decision was driven by competitiveness and resilience of Lithuania‘s economy, continuation of the government‘s fiscal consolidation and country’s membership in the euro zone.

Moody‘s has become the third of the main credit ratings agencies to return Lithuania to the highest rating levels in its sovereign credit history. „Standard & Poor‘s” (S&P) upgraded Lithuania‘s long-term borrowing rating from BBB to A- in April 2014, Fitch upgraded the rating form BBB+ to A- in June 2014.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...