Moody's rates Lithuania program Baa1

Moody's Investors Service said it assigned a provisional Baa1 long-term rating and a provisional Prime-2 short-term rating to the euro medium-term note program of the Government of Lithuania.

These ratings are in line with Lithuania's issuer rating of Baa1.

Moody's said this action concerns a new rating solicited by the issuer for an euro medium-term note program that was not in the market at the time that the sovereign release calendar was published in December 2013, and is therefore being released on a date not listed in that publication.

In the agency's opinion, the notes issued under the program will constitute senior unsecured, direct and conditional obligations of the issuer and will rank pari passu with all current and future senior unsecured indebtedness of the Government of Lithuania. As such, the ratings on the program are in line with Lithuania's Baa1 issuer rating.

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