FRANKFURT (Dow Jones) — The rating agency S&P Global has confirmed Lithuania’s credit rating at “A+”. The outlook is stable. This reflects the expectation that the Lithuanian economy can cope with temporarily weaker growth, higher inflation and larger budget deficits without a significant deterioration in the country’s overall credit metrics, the rating agency said.
The country’s membership in the EU and NATO underpin the rating. While the war between Russia and Ukraine is likely to put pressure on the economy, analysts expect government debt to remain moderate and external indicators solid. “In our baseline scenario, we assume that the war does not escalate and draw NATO members into direct conflict,” S&P said.
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(END) Dow Jones Newswires
June 04, 2022 04:24 ET (08:24 GMT)