Latvia's €200 million Eurobond due 2008 Assigned 'BBB' Rating Nov 01
- ID: 1833160
- November 2001
- Region: Latvia
- Standard & Poors
LONDON (Standard & Poor's) Nov. 13, 2001--Standard & Poor's today assigned its triple-'B' senior unsecured debt rating to the Republic of Latvia's recent €200 million Eurobond maturing in 2008. The ratings on Latvia (local currency A-/Stable/A-2; foreign currency BBB/Positive/A-3) are supported by its: -- Track record of sound macroeconomic management, which is expected to continue in the foreseeable future. Latvia's fiscal flexibility is significant. General government debt to GDP is less than 20% and the general government is a small net external creditor (including government guarantees net public debt is estimated at less than 5% of exports in 2001). Monetary policy has been based on the Latvian lat's peg to the Special Drawing Right, maintaining inflation at low single-digit figures...
Companies mentioned in this report are:
- Latvia (Republic of)
Action: New Rating
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Research type: News
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