Fitch: Bulgaria, Czech Republic, Latvia, Lithuania stable

Fitch Ratings said it revised the outlook on the long-term foreign- and local-currency issuer default ratings of Bulgaria, the Czech Republic, Latvia and Lithuania to stable from positive due to deterioration in the European economic and financial outlook.

The long-term foreign-currency issuer default rating was affirmed for Bulgaria at BBB-, for the Czech Republic at A+, for Latvia at BBB- and for Lithuania at BBB.

The long-term local-currency issuer default rating was affirmed for Bulgaria at BBB, for the Czech Republic at AA-, for Latvia at BBB and for Lithuania at BBB+.

The short-term foreign-currency issuer default rating was affirmed for Bulgaria at F3, for the Czech Republic at F1, for Latvia at F3 and for Lithuania at F3.

The actions follow the agency's review of European Union countries with a positive outlook.

"Strong economic and financial linkages mean that countries in central and eastern Europe are being adversely affected by downward revisions to economic growth prospects and heightened financial stress in the eurozone," Ed Parker, a managing director at Fitch, said in a statement.

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