Fitch Ratings endorsed the credit rating previously granted to Lithuania
On Friday evening, the international credit rating agency Fitch Ratings endorsed the long-term credit rating ‘A +’ with a stable outlook granted to Lithuania at the end of April. This credit rating issued to Lithuania is currently the highest among the three main agencies' long-term credit ratings granted to our country.
Fitch Ratings analysts say that Lithuania's ‘A+’ credit rating reflects the country's sound political system based on membership of the European Union and the euro area, experience of resilient economic growth, moderate, albeit increasing general government debt and its servicing costs, and the quality of institutions above the average of the Category ‘A’ countries. The rating is limited by heightened geopolitical risks, small size of the Lithuanian economy.
A stable rating outlook is based on Fitch’s assumption that Russia-related security risks will not substantially alter, also on the expectation that stronger economic growth and fiscal adjustment over the medium term will help stabilise public debt-to-GDP ratio below the median of countries with a similar rating, despite the commitment to maintain high defence spending. According to the agency, responsible fiscal policy consistently implemented in Lithuania should help consolidate public finances after the budget deficit is projected to increase in the near future.
At the end of April, after a positive assessment of Lithuania’s economic situation, Fitch Ratings, after a 6-year break, upgraded the country’s credit rating from ‘A’ to ‘A+’ with a stable outlook. The agency’s last report can be found here.
This Tuesday, the international credit rating agency Moody’s Investment Service published a report on Lithuania assessing the country’s economic outlook. Moody’s last upgrade of Lithuania’s credit ratings was in February 2021, when the ‘A3’ (positive outlook) long-term credit rating granted in 2015 was upgraded to ‘A2’ (stable outlook).
At the beginning of October, the international credit rating agency Morningstar DBRS reconfirmed the ‘A’ (high) long-term credit rating previously issued to Lithuania with a stable outlook. Morningstar DBRS last changed Lithuania’s long-term credit rating in November 2021 from ‘A’ to ‘A’ (high) with a stable rating outlook.
At the end of May, another international credit rating agency S&P Global Ratings maintained long-term credit rating ‘A’ with a stable outlook previously issued to Lithuania.
More information about Lithuania's credit ratings can be found here.
Additional information:
A credit rating is an indicator that provides investors (creditors) with concentrated information on the degree of ability of the borrower to meet its financial obligations. A high credit rating indicates a lower risk of default by the debtor/issuer and, accordingly, a lower cost of borrowing.
They use specific classifications and symbols to express credit ratings and determine the credit value for borrowing countries and companies by using standardised credit ratings.
Last updated: 24-10-2026
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