EE: Moody's affirms Estonia rating at A1.

By bne IntelliNews December 20, 2011
Moody's Investors Service affirmed Estonia's long-term credit rating of A1 with a Stable outlook. Agency praises country's economic policy achievements and institutional flexibility in dealing with the last economic crisis and acknowledges determination to euro adoption. Moody's stressed low debt levels and fiscal discipline that was maintained throughout the recession. As commented by FinMin Jurgen Ligi, the report by the agency approves of the long-term policy choices, which are dictated by the openness of the economy and are focused on fast response to changing external economic environment.

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