Announcements
Drinks
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.
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.
