Sun, 22 Mar, 2015 12:56:09 AM FTimes-STT Report, Mar 22  Chief Economist of OP-Pohjola Financial Group, Reijo Heiskanen. File Photo Lehtikuva. The fall in Finland’s credit-rating outlook made by Fitch is not of immediate importance, said OP-Pohjola Financial Group Chief Economist Reijo Heiskanen.
Fitch held Finland’s credit-rating outlook at AAA, but it fell from stable to negative.
The decline in the outlook indicates that the agency could, in the future, lower it, observed Heiskanen.
The downgrade should be taken as a warning that the credit rating itself may be at risk.
“In the statement, confidence is shown in Finland’s economic-political decision making, and it is estimated that the rise in national debt might be halted,” said Heiskanen.
Fitch estimates that Finland’s GDP will grow 0.5 per cent this year. Their previous estimate, in September last year, was 1.1 per cent.
According to Heiskanen, the important message is that Finland’s credit rating may fall, if the economy develops as expected.
A credit-rating downgrade could raise the cost of loans received by Finland.
Heiskanen says that the Fitch’s announcement serves as a reminder in this election of Finland’s public finances.
More News
|
|
Finland Times
| Friday, 19 April, 2024 |
|
Copyright © 2024 All rights reserved
|
||||
