Fitch affirms Lithuania's A+ rating with stable outlook

International credit rating agency Fitch Ratings has affirmed Lithuania's long-term foreign-currency issuer default rating at A+ with a stable outlook, the Finance Ministry said on Saturday.

The rating is currently the highest long-term debt rating assigned to Lithuania by the three major credit rating agencies.
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According to Fitch, the rating is supported by a credible policy framework, membership of the European Union and eurozone, resilient economic growth, moderate government debt and high institutional quality.
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It is constrained by heightened geopolitical risks and the small size of the Lithuanian economy.
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The agency also said consistent fiscal policy should help consolidate public finances, although the budget deficit is projected to widen in the near term.
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The government plans to run a deficit exceeding the Maastricht limit of 3 percent of gross domestic product.
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Government debt is projected to reach 54.3 percent of gross domestic product in 2029, remaining below the 60 percent threshold set by the Maastricht criteria.