FILE PHOTO: A Finnish flag flies over the City Hall in Helsinki, Finland, February 10, 2024. REUTERS/Tom Little/File photo
HELSINKI: Finland suffered its first downgrade in almost a decade after Fitch Ratings cut the Nordic country’s credit rating over its failure to rein in ballooning debt.
Fitch late last Friday lowered Finland’s long-term rating by one level to AA from AA+, the lowest credit grade among the top three rating companies, almost a year after it issued a negative outlook on the debt.
