Fitch lifts Lithuania outlook to “positive”

The international agency Fitch Ratings has affirmed the long-term issuer default ratings of the issuer of Lithuania in foreign and local currency at the level of “A-”. Short-term issuer default ratings are affirmed at “F1”, the country ceiling rating is at the “AAA” level. The agency revised the Lithuania outlook from “stable” to “positive', based on a positive assessment of the country's economic growth, fiscal policy pursued by the state, and positive financial results of the state sector. Positive factors also include a steady improvement in the state of external debt obligations and the continued decline in the ratio of public debt to GDP.

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