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Estonia now has a credit rating of A+...the fifth-highest investment grade...after Fitch raised it by one level. Fitch also gave it a "stable outlook."
The new rating is the second-highest in eastern Europe...trailing only Slovenia...and equaling the Czech Republic and Slovakia.
“The upgrade reflects Estonia’s solid economic growth performance, exceptionally strong public finances, declining external debt ratios and signs of increasing stabilization in the banking sector,” said a Fitch analyst...and its $19bn economy is “experiencing a strong ‘V-shaped’ recovery” and growing “robustly without generating macroeconomic imbalances.”
