According to the agency, such a decision was made taking into consideration the expectations related to the euro introduction in the country in 2015, the rapid growth of the country's economy and the continuous reduction of the deficit of the public funds.
The agency highlighted that Lithuania successfully continued making the efforts to meet the Maastricht criteria. The agency hoped that the European Commission (EC) together with the European Central Bank (ECB) were to positively evaluate Lithuania's attempts. According to the Fitch, the euro introduction in Lithuania was to reduce the risk of the sector of the local banks.
The rating (BBB+) itself remained the same. The agency stated that the rating could be improved if Lithuania introduced the euro in 2015, if the country's economy was growing rapidly and if the country was keeping to the responsible public funds policy.
Sovereign debt ratings of Estonia and Latvia were improved 6-7 months before the euro introduction in the country.
