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...
Latest News
- PayPal Enables Crypto Payments for U.S. Merchants2025-07-28 14:09:48
- Volcon Acquires 317 More Bitcoin, Rebrands as Empery Digital With Over 3,500 BTC2025-07-28 14:03:53
- Top Altcoins To Hit New High After BNB Breaks ATH.2025-07-28 13:48:22
- Notcoin Price Prediction 2025, 2026 – 2030: Will NOT Price Record A 2X Surge?2025-07-28 13:47:34
- Gnosis Price Prediction 2025, 2026 – 2030: Will GNO Price Hit $500?2025-07-28 13:33:40