S&P: Estonia Is on a Roll
ERR - Credit rating agency Standard & Poor's (S&P)
raised Estonia's outlook to positive.
The country's entrance into the Eurozone, its strict budget
measures and low foreign debt all contributed to Estonia's
upgrading by the three major rating agencies last year.
In a resurgence from over 15 percent unemployment during the
global recession, S&P said, Estonia's export-driven
economic recovery has been impressively flexible and
"The debt problems of various countries clearly stress the need
for reserves," said Bank of Estonia Vice President Märten Ross.
"The [Estonian] central bank's opinion is that it is necessary
for the country to continue its current budget strategy, by
which a budget surplus would be achieved by 2013."
The country's long-term S&P rating is A.
Read more: http://news.err.ee/economy/216c6c23-5293-4c86-887a-a879f3b1a781