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Home BUSINESSFinland retains best AAA credit rating
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Thu, 23 Jan, 2014 12:04:49 AM
FTimes-Xinhua Report, January 23
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International credit rating agency Moody's had kept the best AAA credit rating for the Finnish Government's long-term debt, the Ministry of Finance said on Wednesday.
According to the ministry, Moody's believed that Finland's credit rating outlook is stable.
Two other major rating agencies, Fitch Ratings and Standard and Poor's, have also given the top possible ratings for the country.
Last month, the State Treasury of Finland predicted that the country's debt-to-GDP ratio is expected to climb to 60 percent, the EU's threshold, by the end of 2014.
Some Finnish economists warned earlier that the country's present excellent credit rating might deteriorate sharply, if nothing was done to control the increasing public debt.
Moody's is one of the three major American credit rating agencies. It was founded by John Moody's in 1909. Currently, Moody's has 800 analysts worldwide, and set branches in 17 countries. 
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