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Standard & Poor's

S&P retains Finland’s AA+ credit rating

Of the three major international credit ratings agencies, Standard & Poor's announced on Friday that it was retaining Finland's AA+ credit rating. Meanwhile, Fitch lowered Finland’s credit rating to AA+ in mid-March, while Moody’s still ranks the country at the best possible triple-A rating.

Standard & Poor'sin toimisto New Yorkissa.
Image: Justin Lane / EPA

Finland’s debt servicing ability was an issue when Standard & Poor’s (S&P) released its credit rating evaluation on Friday. Despite Finland's GDP being the second-worst performer in the European Union in 2015 after Greece, S&P retained Finland's AA+ rating.

Of the top three credit agencies, S&P has been the most critical toward Finland. It was the first to drop its credit rating for Finland, which it did in fall 2014, downgrading the rating to AA+.

At the time, S&P stated that the AA+ might be too high for Finland in the future.

However, it did not downgrade the credit rating, which is the second highest ranking possible.