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![Scope downgrades Estonia to A+ and revises the Outlook to Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_5ac1fa51c6526bab2ed96d65fc8efd6597fe05f45b938619b67d5cf849f23546.jpg)
19/4/2024 Rating announcement EN
Scope downgrades Estonia to A+ and revises the Outlook to Stable
A structural deterioration in the fiscal position and protracted headwinds from the Russia-Ukraine war drive the downgrade. A sound institutional framework, robust growth potential and still low public debt are credit strengths.
![Scope affirms Estonia's credit ratings at AA- and revises the Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_1a074469ac0957a65775b4e7aa1a1e1dd8db366951ae3ac8097886c4197439d8.jpg)
12/5/2023 Rating announcement EN
Scope affirms Estonia's credit ratings at AA- and revises the Outlook to Negative
The country's prolonged exposure to the cost-of-living crisis amid higher geopolitical risks and a weakening fiscal position drive the Outlook revision. Solid economic growth prospects and low public debt support the ratings.
![Scope affirms Estonia's credit rating at AA- with a Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_7b7fee74bca75b69ec247044174ab024120344c04ce37c330dac69faf577854b.jpg)
25/11/2022 Rating announcement EN
Scope affirms Estonia's credit rating at AA- with a Stable Outlook
Estonia's sound institutions, solid medium-run growth prospects and low public debt are credit strengths. The still moderate income levels, high exposure to external shocks and adverse demographic trends are challenges.
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