OREANDA-NEWS. June 03, 2013. The credit rating agency Fitch on Thursday reconfirmed Estonia's rating as A+, leaving the country's outlook at stable.

In a statement, the agency said that a key rating strength for the country was its "outstanding" public finances. "Although the general government balance swung into a small nominal deficit in 2012 (0.3 percent of GDP), Estonia has never fallen foul of the EU's Excessive Debt Procedure and the authorities are confident of maintaining structural surpluses over the medium term," it said.

It also praised the country's recovery from the economic crisis, noting that last year's 3.2 percent GDP growth was the fastest in the Eurozone, a distinction that Estonia has had for the second year running.