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Moody's affirms Finland's Aa1 credit rating, citing stable outlook

Moody's, one of the world's big three credit ratings agencies, has decided to keep its appraisal of Finland's creditworthiness at Aa1, its second-best rating.

Image: Andrew Gombert / EPA

Moody's Investors Service affirmed the Government of Finland's debt ratings at Aa1 on Friday.

The agency cites Finland's robust economic growth as an indicator of stable finances, and praises the Finnish authorities' significant commitment to reforms despite what it calls "structural challenges".

"Moody's expects real GDP growth to remain largely unchanged in 2018, at 2.7 percent before declining to 2.0 percent in 2019. This would, however, still be above potential growth, which the Bank of Finland estimates at around 1.5 percent," the press release reads.

Standard & Poor's, another credit rating agency in the big three, also made the decision to affirm Finland's credit status of AA+, their second-best position, in March.

Moody's says that given the stable outlook for Finland, any movement in its rating over the next 12 to 18 months is unlikely.

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