24 Oct 2013
Fitch affirms Finland rating at AAA and sees 1% growth in 2014
Fitch Ratings decided to affirm Finland sovereign debt rating at the highest level AAA with stable outlook. "Finland's rating is underpinned by a combination of strong governance, high income per capita, a positive net international investment position and an impeccable debt service record," informed the agency in a recent press release.
Fitch expects Finland to growth 1% in 2014 while they expect public debt to peak below 65% of GDP. "Fitch assumes that Finland's economic growth rate will increase to around 1% by 2014 from a contraction of 0.8% in 2013. This is premised on the nascent eurozone recovery staying on track."
"Under Fitch's baseline assumption public debt will peak below 65% of GDP in the near term on the assumption that the government will implement measures to close the fiscal sustainability gap, including pension reforms."
Fitch expects Finland to growth 1% in 2014 while they expect public debt to peak below 65% of GDP. "Fitch assumes that Finland's economic growth rate will increase to around 1% by 2014 from a contraction of 0.8% in 2013. This is premised on the nascent eurozone recovery staying on track."
"Under Fitch's baseline assumption public debt will peak below 65% of GDP in the near term on the assumption that the government will implement measures to close the fiscal sustainability gap, including pension reforms."