Moody's affirms Finland's triple-A credit rating
The credit rating agency Moody’s affirmed the highest possible rating, a triple A rating for Finland. The agency noted that Finland’s outlook remains stable.
The main factors underlying the triple A rating are:
- Finland’s robust public finances and public financial management in such a way that Finland never once breached the EMU criteria;
- Finland’s stable bank sector
- geographically diversified export markets and a comparatively small share of Finnish exports sold to the internal markets relative to the rest of the euro area;
- Government measures to restrict possible losses on loans to other euro area countries by means of collateral agreements.
The Ministry of Finance notes with satisfaction Moody’s strong faith in Finland’s financial policy management. However, the rating agency stresses that economy and public finances will continue to be challenged as long as the euro area crisis persists, especially bearing in mind the problems in Finland’s key export sectors.
Mr Jukka Pekkarinen, Director General, tel. 358 29 55 30169
Mr Mikko Spolander, Senior Financial Adviser, tel. 358 29 55 30006