Finland's credit rating cut as debt rises and reforms stall

Finland’s long-term credit rating has been downgraded by Fitch Ratings from AA+ to AA, the country’s lowest rating in nearly thirty years.

The downgrade reflects Fitch’s concerns about Finland’s rising public debt, sustained budget deficits, and a lack of sufficient measures to correct the imbalance. The outlook remains “stable”.

Fitch stated that current government policies are unlikely to stop the growth of the debt-to-GDP ratio.