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Estonia’s Rating Affirmed by Fitch Amid Economic Recovery

Estonia’s credit rating was affirmed by Fitch Ratings, which cited the Baltic country’s balanced economic recovery since it adopted the euro almost 1 1/2 years ago and its companies’ lower dependence on external financing.

The Baltic nation’s long-term foreign and local-currency bond rating was kept at A+, the fifth-highest investment grade, with a stable outlook, Fitch said today in an e-mailed statement from London. The rating is on par with fellow euro-area member Slovakia.