01.10.2014

Fitch affirms Finland’s 'AAA' credit rating with Stable Outlook

Finland’s high-value-added economy and strong institutions underpin its excellent credit rating, according to Fitch Ratings..

Fitch Ratings has affirmed Finland’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘AAA’ with Stable Outlook. The issue ratings on Finland’s senior unsecured foreign and local currency bonds have also been affirmed at ‘AAA’ respectively. Finland also has the best possible credit rating from the two other major rating agencies, Standard & Poor’s and Moody’s.

According to Fitch’s analysis, Finland’s ratings are underpinned by a high-value-added economy, and strong political and social institutions. Finland’s score on governance indicators is higher than even the 'AAA' peer median. Finland has a strong track record of prudent fiscal policy management and economic policy implementation.

Finland is among only six OECD countries to enjoy a government net asset position. Fitch expects economic growth to pick up modestly in Finland over the years ahead, with real GDP expanding 1.1% and 1.3% in 2015 and 2016 respectively.

Source: Fitch Ratings