DBRS changes Lithuania trend to positive

DBRS said it confirmed the Republic of Lithuania’s long-term foreign- and local-currency issuer ratings at A and changed the trend to positive.

“The positive trends reflect DBRS Morningstar’s view that the economic resilience of the Lithuanian economy appears to be strengthening. Even when confronted with the pandemic the economy showed a remarkable resilience recording a 0.9% real GDP decline, one of the lowest in the euro area. Strong signs of recovery started to emerge despite the fact that some restrictions are still in place, with the economy growing by 1% YOY in the first quarter of 2021. Nevertheless, the uncertainty remains high and the strength of the recovery will depend on Lithuania’s ability to contain new outbreaks of the virus and on the progress with the Covid – 19 vaccination rollout,” the agency said in a press release.

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