S&P affirms Lithuania

Standard & Poor's said it affirmed its A long-term and A-1 short-term sovereign credit ratings on the Republic of Lithuania.

The outlook is stable.

According to S&P, the ratings on Lithuania are supported by low public debt and the country's strong economic growth potential.

Conversely, as economic imbalances have grown, there is a heightened need for counter-cyclical and proactive fiscal demand management, the agency said, adding that the high growth rate of more than 7% in the past few years will raise Lithuania's comparatively low GDP per capita, estimated at $11,000 in 2007.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.