Estonia Credit Rating Raised by Fitch on Economy, Finances

Estonia’s credit rating was raised by Fitch Ratings, which cited economic growth, improved public finances and the country’s adoption of the euro on Jan. 1.

The Baltic nation’s rating was raised one step to A+, the fifth-highest investment grade, with a stable outlook, Fitch said today in a statement from London. The rating is the second-highest in eastern Europe, behind the Slovenia at AA and on a par with the Czech Republic and Slovakia.