Moody's says Estonia stable

In its annual report on Estonia, Moody's Investors Service said the A1 rating and positive outlook on the government's long-term bonds reflect the nation's unparalleled success in economic stabilization and impressive structural transformation, especially among its fellow European Union-transition countries.

Moody's said the ratings balance Estonia's strong fiscal and institutional strength against its widening current account deficit and the country's high and rising external debt.

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