S&P affirms Lithuania’s A/A-1 rating on defense spending, growth

Standard & Poor's (S&P) has reaffirmed Lithuania's credit ratings at A for long-term and A-1 for short-term, citing the country's robust defense spending and economic growth as key factors. The agency highlighted Lithuania's commitment to increasing its defense budget in response to regional security challenges, which is expected to bolster its economic resilience. Additionally, S&P noted the positive trajectory of Lithuania's economic performance, which contributes to its stable credit outlook. This affirmation reflects the country's ongoing efforts to maintain fiscal discipline while addressing security needs.

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