Fitch: Lithuania notes BBB

Fitch Ratings said it assigned a BBB rating on the Republic of Lithuania's $750 million tap issue.

The bond is a tap of the $750 million eurobond issued in March 2011 with a coupon of 6.125% and due March 9, 2021.

The rating is in line with Lithuania's long-term foreign-currency issuer default rating of BBB+ and positive outlook.

The positive outlook reflects the strong economic recovery, continued improvement in public finances and reduced financial risks to the economy and external finances, Fitch said.

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