News

2020.02.24 10:51

Lithuania gets A+ credit rating in a 'historical moment'

BNS2020.02.24 10:51

International credit rating agency Standard & Poor’s has upgraded Lithuania's long-term borrowing rating from A to A+ with a stable outlook.

The country's Finance Ministry called it a historic moment, noting in a statement that Lithuania's rating jumped an interim step.

Read more: Lithuania to give big business tax breaks to attract large investments

"We have not only reached our highest rating position in the country's history but we have also done that by skipping an interim step. It' is major appreciation we can be proud of," Lithuanian Finance Minister Vilius Šapoka said in a statement.

The last time Standard & Poor’s upgraded Lithuania's credit rating was in March 2018.

Fitch Ratings' existing long-term borrowing rating for Lithuania now stands at A with a stable outlook. Moody‘s rating stands at A3 with a positive outlook and DBRS Morningstar's rating for Lithuanian stands at A with a positive outlook.

Read more: Lithuania aims to cement reputation as fintech hub