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Latvia's €200 million Eurobond due 2008 Assigned 'BBB' Rating Nov 01 Product Image

Latvia's €200 million Eurobond due 2008 Assigned 'BBB' Rating Nov 01

  • Published: November 2001
  • Region: Latvia
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit READ MORE >

- Latvia (Republic of)

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