Fitch has lowered Finland’s credit rating to AA+ from AAA. The credit rating company still finds Finland’s outlook stable. Moody’s rating for Finland is still AAA, but Standard & Poor’s lowered its rating to AA+ already in October 2014. Nordea’s Chief Economist Aki Kangasharju is not surprised by Fitch’s move. It shows that Finland’s outlook is very weak and that the country has a lot of public debt. Fitch’s message to Finland is that reforms need to be made.
Media: YLE Uutiset
Journalist: Jaana Hevonoja, Iiro-Matti Nieminen
Main source: Aki Kangasharju / Nordea