Credit Rating Report

Morningstar DBRS Confirms Republic of Estonia at AA (low), Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) confirmed the Republic of Estonia's Long-Term Foreign and Local Currency -- Issuer Ratings at AA (low). At the same time, Morningstar DBRS confirmed the Republic of Estonia's Short-Term Foreign and Local Currency -- Issuer Ratings at R-1 (middle). The trend on all ratings is Stable.

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