Fitch revises Lithuania to positive

Fitch Ratings said it revised the outlook on Lithuania's long-term foreign-currency issuer default rating to positive from stable.

The agency also affirmed the issuer default rating at A-.

Fitch said the revision of the outlook reflects the agency’s increased confidence that Lithuania's policy framework, characterized by prudent fiscal policy and eurozone membership, will continue to reduce macroeconomic volatility and mitigate the economy's vulnerability to external shocks.

The agency said that Lithuania's issuer default ratings reflect that net external debt/GDP, at 19.5% at end-2017, is above the current peer median of 12.4%, but is on a downward trend.

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