The credit rating agency S&P Global Ratings has maintained Finland’s credit rating at AA +, saying it considers the country’s economy stable.
According to the agency, it expects the Finnish government to continue stimulus spending next year, as the difficult economic situation continues, but to stabilize government debt below 40% of GDP by 2023.
In its statement, S&P emphasized the importance of restructuring. Finland is struggling with an aging population and the resulting demand for services combined with a smaller group of taxpayers.
In 2021, S&P announced that it expects Finland’s GDP to grow by 2.3 percent, followed by two-year growth of 1.4 percent.
Source: The Nordic Page