Fitch affirms Sweden at 'AAA'; outlook stable - Reuters

Fitch Ratings affirmed Sweden's's credit note at 'AAA' and said that the outlook was stable.

Key highlights (via Reuters):

  • Sweden's 'AAA' IDRs reflect strong governance and human development indicators, a high level of income per capita, and a track record of sound economic policy and public finances management
  • Economic growth is faster than peers. Strong domestic demand - especially investment - is driving economic growth, which was 3.1% yoy in 1H17
  • Monetary policy remains loose despite the continuing strength in economic activity
  • The central bank policy rate remains at -0.50%. Current Riksbank projections assume that the repo rate would not increase before mid-2018

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