OREANDA-NEWS. September 04, 2013. Moody's Investors Service has affirmed Estonia's A1 government bond rating and stable outlook, citing what it called resilient economic growth, moderately high wealth and long-term prospects for economic convergence with the core euro area.

In a statement on Thursday that accompanied its report on the country's creditworthiness, the rating agency stessed that the report is "an update to the markets and does not constitute a rating action."

“The rating is also supported by the government's track record of fiscal rectitude and low gross government debt, which is forecast at 10.2% of GDP this year. Moreover, liquid financial assets equivalent to around 9% of estimated 2013 GDP provide a significant financial cushion in times of stress,” the rating agency said in a press release.