Moody's: Lithuania bond Baa1

Moody's Investors Service said it assigned a Baa1 rating to Lithuania's $1.5 billion eurobond due 2022.

The outlook is stable.

Moody's said that the Baa1 rating reflects the country's moderate economic strength, high institutional strength, moderate government financial strength and low susceptibility to event risk. Lithuania's small economy was markedly volatile in recent years, due to the harsh effects of the global financial crisis, the agency said.

© 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.