VILNIUS — The credit rating agency Standard and Poor’s raised Lithuania’s rating from negative to stable — BBB to A-3, just in time as the government is looking to borrow.

Standard and Poor’s cited successful government fiscal policy as a reason for the improved outlook. The government is currently running a deficit just under 6 percent of Lithuania’s gross domestic product.

“The ratings on Lithuania reflect clear commitment across all political parties to support and implement budgetary and structural policies which anchor the currency board regime and enhance the economy’s flexible labor and goods markets,” said Standard & Poor’s credit analyst Frank Gill.

Prime Minister Andrius Kubilius spent the week in the U.S., where he opened the New York Stock Exchange Wednesday and met with creditors, IMF officials and Chairman of the United States Federal Reserve Ben Bernanke and Treasury Secretary Tim Geithner.

“This was a difficult, but also brave, responsible and just step by the Lithuanian government. I admire what your government did over the last year,” Geithner told Kubilius.