Lithuania´s Rating Confirmed

Lithuania´s Rating Confirmed / Picture: © Vindobona.org

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…