Announcements
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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.
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.
21/2/2020 Rating announcement EN
Scope upgrades Estonia’s credit rating to AA-; Outlook Stable
Robust growth, prudent fiscal management as well as improved external resilience drive the rating upgrade. Wage-productivity growth imbalances, labour shortages and risks in the banking sector remain challenges.
5/4/2019 Rating announcement EN
Scope affirms Estonia’s long-term credit rating at A+ with Stable Outlook
Estonia’s very low indebtedness, prudent fiscal management, robust economic performance and euro area membership support the rating. Moderate income levels, labour shortages and risks in the banking sector pose challenges.