S&P affirms Latvia ratings

S&P Global Ratings said it affirmed its A-/A-2 long- and short-term foreign and local currency sovereign credit ratings on the Republic of Latvia.

The outlook is stable.

“Our ratings on Latvia remain supported by the country's generally sound institutional effectiveness, modest general government deficits, and declining net public debt burden. The ratings are constrained by relatively low GDP per capita, long-term challenges associated with a declining population, and external financing risks,” S&P said in a news release.

© 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.