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coinpedia 2025-07-26 12:43:13

Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness

The post Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness appeared first on Coinpedia Fintech News Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating from “AA+” to “AA,” citing rising government debt and insufficient measures to control spending. Debt is expected to rise to 86.3% of GDP in 2025 and may exceed 90% by 2029, well above peer averages. Despite a €9 billion fiscal package, deficits are set to remain above 3% until 2027. Finland’s GDP growth lags Europe, unemployment has risen to 9.2%, and inflation is picking up. Still, strong pension assets and a solid banking sector provide some support.

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