World Economy

Fitch Keeps Finland at AA+

Fitch Keeps Finland at AA+Fitch Keeps Finland at AA+

Credit rating agency Fitch is keeping Finland’s long-term state debt credit level at AA+, the second best rating that Finland was knocked down to in March, Yle reported. According to Fitch the current rating is likely to remain stable. The company bases its rating on political stability on one hand and GDP growth and an public finance systems on the other. All three of the world’s top credit raters have given Finland their second-best ratings. Moody’s gives the country Aa1 (dropped from Aaa in June), while Standard & Poor’s has had Finland at AA+ for longer.