Friday, October 10, 2014

Finland loses AAA status – Parool.nl

Finland loses AAA status – Parool.nl

10-10-14 20:36 pm – Source: Reuters

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The headquarters of S & amp; P in New York. © Reuters

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Credit rating agency Standard & amp; Poor’s (S & amp; P), Finland has its highest credit rating ‘AAA’ deprived because of the weaker economic outlook for the country. That made S & amp;. P said Friday

The credit went with one step down to ‘AA +’ with a stable outlook. According to S & amp; P, the Finnish economy suffered from weaker external demand, loss of market share in the important field of technology, a rigid labor market and an aging population

Sensitive
Finland, according to the rating agency sensitive to the problems in the European economy and the economic weakening of Russia by Western sanctions against the country. Russia accounts for a tenth of the Finnish export

The Finnish Finance Minister Antti Rinne let in a reaction that the credit downgrade by S & amp;. P ‘unfortunate’ to find, but not ‘unexpected or dramatic. The minister said that the government does not change its tax policy, but that there are new ways of economic growth must be found.

Germany and Luxembourg
Netherlands lost in November last year, the highest credit rating by S & amp; P and now stands at ‘AA +’. Within the euro zone now has only Germany and Luxembourg status ‘AAA’ by S & amp; P

(Edited by: Editorial).

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