Moody‘s has upgraded Lithuania's government bond rating
Moody‘s credit rating agency upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook). Moody’s decision was driven by competitiveness and resilience of Lithuania‘s economy, continuation of the Government‘s fiscal consolidation and country’s membership in the euro zone.
Minister of Finance R. Šadžius: “In 100 days the Euro found its way not only into our wallets”
Adoption of the Euro enables to borrow cheaper
The Euro has already successfully circulated in Lithuania for a hundred days
Over two months, LTL 2.8 billion was exchanged into euro in LithuaniaMore news
1 EUR = 3.45280 LTL