Fitch Maintains Sweden's Ratings With Stable Outlook

(RTTNews) - Fitch Ratings on Friday affirmed Sweden's long-term foreign and local currency issuer default ratings at 'AAA,' reflecting high income per capita, strong governance indicators and a proven record of sound economic policy management.

The outlook was kept stable.

The ratings agency noted that Swedish economic growth accelerated to 3.8 percent in 2015, boosted by expansionary monetary policy. The GDP growth is seen slowing to 3.2 percent in 2016 and 2.8 percent in 2017.

The inflation would improve this year and the next, as base effects from low import prices drop out of annual comparisons, and higher resource utilisation pushes up labour costs.