Fitch lifts Latvia

Fitch Ratings said it has upgraded Latvia's long-term foreign and local currency issuer default ratings to A- from BBB+.

The outlooks are stable.

The issue ratings on Latvia's senior unsecured foreign and local currency bonds have also been upgraded to A-from BBB+, the agency said.

The country ceiling has been raised to AAA from AA+ and the short-term foreign currency issuer default rating upgraded to F1 from F2, Fitch stated.

According to the agency, Latvia's public finances are stronger than the median and positive debt dynamics support Latvia's rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.