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Moody’s rating for Estonia unchanged

Sep 18, 2008
By TBT staff

TALLINN - Moody’s released its annual report, which gives Estonia the same rating for 2008 as for 2007 despite mounting difficulties over the budget deficit. The ratings agency said the government’s balance sheet is strong, characterized by minimal debt and substantial assets. “An ongoing economic slowdown and pronounced external imbalances raise some concerns with regard to a disorderly adjustment, but these are mitigated by a foreign-bank-dominated financial system [and] the eventual pros ...


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 MORE NEWS

Latvian budget adopted with deficit
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Latvia passes budget with deficit
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Lithuania to face ‘painful reality’
Vilnius at the back of the pack
Bankers cautious despite good results


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