News

2015.09.08 13:45

Moody‘s upgrades Lithuania's government bond rating

Moody‘s credit rating agency has upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook).

Moody‘s credit rating agency has upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook).

Moody’s decision was driven by competitiveness and resilience of Lithuania‘s economy, continuation of the government‘s fiscal consolidation and country’s membership in the euro zone.

Moody‘s has become the third of the main credit ratings agencies to return Lithuania to the highest rating levels in its sovereign credit history. „Standard & Poor‘s” (S&P) upgraded Lithuania‘s long-term borrowing rating from BBB to A- in April 2014, Fitch upgraded the rating form BBB+ to A- in June 2014.

BNS