Fitch Upgrades Lithuania to A+ Amid Resilient Growth

Fitch Ratings on April 24, 2026, upgraded Lithuania’s long-term foreign-currency rating to A+ from A with a stable outlook, citing strong and resilient economic growth. The economy expanded 2.9% in 2025, supported by investment, steady consumption, and rising exports. Growth is projected at 3.1% in 2026, driven by a solid labor market, higher defense spending, and EU-funded investment, before easing to 2.5% in 2027. However, the rating is constrained by Lithuania’s small economy and geopolitical risks due to its proximity to Russia and Belarus. These risks are partly offset by security support from NATO, including Germany’s planned troop deployment and the presence of U.S. forces. Standard & Poor’s credit rating for Lithuania stands at A with a stable outlook. Moody’s credit rating for Lithuania was last set at A2 with a stable outlook. DBRS’s credit rating for Lithuania was last reported at A (high) with a stable outlook.