The Baltic Times

S&P's upgrades Estonia

  • 2011-08-15
  • TBT Staff

TALLINN -- Ratings agency Standard and Poor's has upgraded Estonia's credit rating to AA-.

The move comes after the agency downgraded the US for the first time in history, stripping it of its AAA rating.  LThe US is now AA+, barely above Estonia.

The upgrade comes in light of Estonia's skillfull handling of the economic crisis and adoption of the euro at the beginning of this year.

 

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The Baltic Times is an independent monthly newspaper that covers latest political, economic, business, and cultural events in Estonia, Latvia and Lithuania. Born of a merger between The Baltic Independent and The Baltic Observer in 1996, The Baltic Times continues to bring objective, comprehensive, and timely information to those with an interest in this rapidly developing area of the Baltic Sea region. Read more... Our news analysis and commentaries provide readers with insight essential to understanding the three Baltic countries and their neighbors.

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