Fitch Ratings has revised the outlook on Lithuania's long-term foreign-currency credit rating from stable to positive.
The outlook was changed after a positive review of the country's fiscal policy. Lithuania's long-term credit rating is now "A-", and the short-term credit rating is "F1", and they remain unchanged.
Fitch Ratings upgraded the outlook following a positive review of Lithuania's growth, fiscal policy and the public sector's financial results.
The rating agency also hopes Lithuania will successfully carry out a tax overhaul aimed at cutting labor taxation in the country, and will continue reducing the general government debt/GDP ratio.
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Reported by: The Baltic Course