Scope Ratings maintains Lithuania’s credit rating and outlook
On Friday, the international credit rating agency Scope Ratings maintained long-term rating at A for Lithuania and maintained a positive outlook.
Experts from the Scope Ratings agency note that Lithuania's membership of the euro area ensures a strong fiscal and economic policy framework. According to them, the country's membership in the European Union and NATO is a reliable measure to mitigate external security risks in the current context of heightened geopolitical risks.
The agency's analysts noted in the statement that the country's strong economic growth and increased macroeconomic resilience have led to a rapid convergence to euro area revenue levels in recent years. Economic growth is forecast to remain strong this year and next year (3.0% and 2.9%, respectively), supported by strong household demand and accelerating investment. One of the lowest levels of public debt in the euro area also contributed to Lithuania's stable creditworthiness.
The latest statement from the credit rating agency Scope Ratings is available here.
In October, Lithuania's rating, ‘A (high)’ with a stable outlook, was affirmed for our country by the DBRS Morningstar credit rating agency, and Moody's Investment Service performed a periodic review of Lithuania's credit rating. The analysts of this agency assessed the situation of Lithuania as stable, therefore a decision was made not to change the long-term credit rating of ‘A2’ (stable outlook) assigned to the country previously and only to publish a report on Lithuania, assessing the prospects of the country's economy.
Meanwhile, Fitch Ratings reaffirmed its long-term credit rating at A assigned for Lithuania in November last year, maintaining a stable outlook, and in December, S&P Global Ratings published a report on Lithuania, assessing the country’s economic outlook. The latest review of the Lithuanian rating by Standard & Poor’s analysts took place in May 2024, setting the ‘A’ (stable outlook) and maintaining the short-term credit rating at A-1.
More information on Lithuania’s credit ratings is available here.
Additional information:
A credit rating is an indicator that provides investors/creditors with consolidated information on the level of the borrower’s ability to meet its financial obligations. A high credit rating indicates a lower risk of default of the borrower/issuer and, accordingly, lower borrowing costs.
For credit ratings they use particular grades and symbols and set a credit value to borrowing countries and companies by using standardized credit ratings.
Last updated: 14-03-2025
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