May 14, 2020 / 4:48 PM / 13 days ago

BRIEF-Moody's Says Estonia's Credit Strengths Include Low Debt And Strong Institutions

May 14 (Reuters) - Moody’s :

* MOODY’S SAYS ESTONIA’S CREDIT STRENGTHS INCLUDE LOW DEBT AND STRONG INSTITUTIONS; CORONAVIRUS TO CAUSE SHARP ECONOMIC CONTRACTION

* MOODY’S SAYS ESTONIA ECONOMY IS EXPECTED TO CONTRACT BY 7.8% OF GDP IN 2020

* MOODY’S SAYS ESTONIA’S GOVERNMENT DEFICIT WILL REACH ITS HIGHEST-EVER LEVEL IN 2020; DEBT AFFORDABILITY TO REMAIN COMPARATIVELY STRONG

* MOODY’S SAYS EXPECT ECONOMIC IMPACT OF CORONAVIRUS OUTBREAK ON ESTONIA TO BE CONCENTRATED IN H1 2020, WITH ECONOMY GRADUALLY RECOVERING IN H2 2020

* MOODY’S SAYS EXPECT ESTONIA ECONOMY RETURNING TO FULL-YEAR GROWTH OF 4.0% IN 2021

* MOODY’S - ESTONIA’S MEDIUM TERM CREDIT CHALLENGES INCLUDE LIMITS ON LABOUR SUPPLY & MODERATE SUSCEPTIBILITY TO GEOPOLITICAL RISK Source text for Eikon:

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