Fitch Flags Possible Eastern European Downgrades if Greenland Dispute Affects NATO

Fitch Ratings has indicated that geopolitical tensions stemming from a potential conflict between the U.S. and Denmark over Greenland could lead to sovereign credit downgrades in Eastern Europe, particularly for countries near Russia. Danish Prime Minister Mette Frederiksen warned such a dispute might threaten NATO. Fitch emphasized that any rating changes would depend on how the situation evolves, with Denmark's triple-A rating expected to remain stable due to its strong fiscal position and Greenland's limited economic impact on Denmark.