Standard & Poor's Ratings Services has affirmed the 'AAA' long-term and 'A-1+' short-term sovereign credit ratings for Finland. The credit rating company has also revised its outlook on the long-term rating on the Republic of Finland to stable from negative.
According to Standard & Poor’s, the outlook revision reflects its view that the risks to Finland's financial, economic, and policymaking environment emanating from the eurozone crisis have remained contained and that this will continue to be the case throughout 2013.
The credit rating agency states that the Finnish government appears committed to pursuing strong fiscal and structural policies that should enable the economy to grow above 1% in the medium term. In Standard & Poor’s opinion, policymaking in Finland remains prudent, transparent, and consensus-based.
Source: Standard & Poor’s