S&P reassigns Finland's credit rating at AA plus

The credit-rating agency S&P Global Ratings upheld Finland's credit rating at AA+ and termed the country’s economy stable, reported the national broadcaster Yle on Saturday.

The agency forecast that the gross domestic product (GDP) of Finland will fall by 4.5 per cent this year.

The S&P, however, expects the Finnish government to continue with stimulus spending next year, as the difficult economic situation continues.

It also suggested stabilising the state debt at less than 40 per cent of the GDP by 2023.

In its statement, the agency emphasised the importance of structural reforms as Finland is struggling to deal with an ageing population and the resulting demand for services, combined with a smaller pool of taxpayers, said the Yle report.