Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness
Main Idea
Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating due to rising debt, persistent deficits, and weak economic growth.
Key Points
1. Finland’s debt is expected to rise to 86.3% of GDP in 2025 and may exceed 90% by 2029, well above peer averages.
2. Despite a €9 billion fiscal package, deficits are projected to remain above 3% until 2027.
3. Finland’s GDP growth lags behind Europe, unemployment has risen to 9.2%, and inflation is increasing.
Description
The post Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness appeared first on Coinpedia Fintech News Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating from “AA+” to “AA,” citing rising government debt and insufficient measures to control spending. Debt is expected to rise to 86.3% of GDP in 2025 and may exceed 90% by 2029, well above peer averages. Despite a €9 billion fiscal package, deficits are set to remain above 3% until 2027. Finland’s GDP growth lags E...
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