The international ratings agency Standard & Poor's has reaffirmed Estonia's long-term State rating at its former high level of AA-, with a stable outlook, reports the Ministry of Finance.
Standard & Poor's
© AFP/Scanpix

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 per cent in 2014, and that of 2.6 per cent in 2015. According to S&P, by the year 2016, the growth ought to accelerate to 3.5 per cent.

The agency expects that Estonia's budgetary deficit will be in a deficit of 0.2 per cent 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.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...

Lithuanian transport minister calls Latvia's claims over Renge 'a stab in the back'

Lithuanian Transport Minister Rokas Masiulis says that Latvians' demand that Lietuvos...

Lithuania, Latvia holding talks on ambulance services in border areas

Lithuania and Latvia are holding talks on the provision of ambulance services in border areas.

Lithuanian military helicopters continue to help Latvia, Sweden fight wildfires

Two Mi-8 helicopters of the Lithuanian Air Force have been helping to fight wildfires in Latvia...

Latvia thanks Lithuania for help in extinguishing fires

Latvia on Wednesday thanked Lithuania for its assistance in extinguishing forest and peat fires in...