The Lithuanian Finance Ministry said the long-term credit rating was upgraded from A- to A, while the short-term rating was moved up from A-2 to A-1. The agency's long-term rating outlook remains stable.
"The rating proves once again that we are managing our public finances in a responsible manner and conducting efficient fiscal policies, thus making Lithuania more credible on the global arena," Finance Minister Vilius Sapoka said in a press release.
Another international agency, Fitch Ratings, in the end of February has affirmed Lithuania's long-term rating at A-, with a stable outlook.
Moody's has granted Lithuania a long-term credit rating of A3 with a stable outlook.
