Lithuania´s Rating Confirmed

BusinessEconomy ♦ Published: September 7, 2012; 07:25 ♦ (Vindobona)

The rating agency Standard & Poor´s (S&P) kept Lithuania´s sovereign debt rating at BBB.

Lithuania´s Rating Confirmed / Picture: ©

S&P affirmed the rating and stressed the country´s aim to generate sustainable economic growth and to purse a strict austerity policy at the same time. The outlook was kept stable. The rating agency explained that the country´s government has shown substantial progress in its austerity policies. The budget deficit is expected to decrease in the medium term. In 2011, Lithuania…

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