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  • Sohrab Khawas
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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness

Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating from “AA+” to “AA,” citing rising government debt and insufficient measures to control spending. Debt is expected to rise to 86.3% of GDP in 2025 and may exceed 90% by 2029, well above peer averages. Despite a €9 billion fiscal package, deficits are set to remain above 3% until 2027. Finland’s GDP growth lags Europe, unemployment has risen to 9.2%, and inflation is picking up. Still, strong pension assets and a solid banking sector provide some support.

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