Arab Today, arab today fitch downgrades finlands outlook to negative affirms its aaa rating
Last Updated : GMT 13:42:41
Arab Today, arab today
Arab Today, arab today

Fitch downgrades Finland's outlook to 'negative,' affirms its AAA rating

Arab Today, arab today

Arab Today, arab today Fitch downgrades Finland's outlook to 'negative,' affirms its AAA rating

Credit rating agency Fitch
Helsinki - XINHUA

Credit rating agency Fitch revised Finland's credit rating outlook to "negative" from "stable," but affirmed its triple-A rating, Finnish media reported on Saturday.
Reports quoted a Fitch press release as saying that the revision of the outlook on Finland's long-term foreign and local currency Issuer Default Ratings (IDR) was due to the country's weak and deteriorated prospects for economic growth.
The Finnish economy has experienced three consecutive years of negative growth since 2012. Fitch estimated that the country's real GDP ( which is a macroeconomic measure of the value of economic output adjusted for price changes) is even 7 percent lower than the level of pre-financial crisis in the first quarter of 2008.
Fitch therefore slightly lowered its forecast for Finland's GDP growth to 0.5 percent from 0.6 percent made in last review, and predicted the growth in 2016 will be 1.3 percent.
In addition, the rating agency expected that Finland's general government deficit will be 2.7 percent in 2015, the same as last year's level, and will drop to 2.1 percent in 2016.
The country's public debt to GDP ratio is expected to soar to 63.3 percent, which exceeds the EU's threshold, by 2016, Fitch predicted.
Finland was given triple-A rating based on its strong political and social institutions, said Fitch, adding that its scores on governance indicators were higher than the 'AAA' peer median.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fitch downgrades finlands outlook to negative affirms its aaa rating Arab Today, arab today fitch downgrades finlands outlook to negative affirms its aaa rating

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday