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Credit Rating

Fitch retains Finland’s triple-A credit rating

While the New York-based credit agency did not downgrade Finland's credit rating, it did lower its outlook for the Finnish economy from stable to negative.

Fitch Ratingsin toimisto New Yorkissa.
Fitch Ratingsin toimisto New Yorkissa. Image: Justin Lane / EPA

The Fitch credit ratings agency has retained Finland’s AAA credit rating, which is the best possible Fitch rating.

Nevertheless, Fitch’s outlook for the Finnish economy is negative and the agency said that it may lower Finland’s credit rating in the future. Fitch forecast growth of 0.3 percent for the Finnish economy this year and 1 percent growth for 2016. Earlier this week the International Monetary Fund (IMF) made similar forecasts for the Finnish economy.

Of the top three credit rating agencies, Fitch is the smallest and often the one with the most positive outlook compared with those given by the two other top agencies Standard & Poor’s and Moody’s.

In June, Moody’s kept Finland’s credit rating at the best possible – AAA, but lowered its forecast on the Finnish economy from stable to negative. In the spring, Standard & Poor’s announced that it would retain Finland’s credit rating at AA+, which is the second best rating.