Moody's strips Finland of its triple-A rating
Moody's Investors Service on Friday downgraded Finland's sovereign rating to Aa1 from Aaa, citing slower economic growth and a vulnerable fiscal position as a result. "Growth over the next five years will remain weak, with planned reforms insufficiently certain and far-reaching to address the economy's significant structural constraints," said Moody's in a statement. However, the outlook on the rating remains stable as the ratings agency believes a further deterioration in Finland's credit profile is limited. Читать дальше...