Moody’s lowers the credit rating of Finland – Västerbotten Courier

Finland has lost yet another peak in the credit rating. This time it is Moody’s removes AAA rating the grounds that it does not appear to be any improvement in the country’s debt situation over the next five years.

The country may instead be rated Aa1 and Moody’s is therefore in line with Fitch and S & amp; P’s decision in 2014 and 2015.

the economy facing weak growth in the coming years, according to the rating agency.

Finland rebounded with a small growth last year after three years of recession, and MoodyÂ’s expects the country’s economy should grow about one percent per year during 2016 and 2017.

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