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Latvia Downgraded To 'BB+/B'; Lithuania 'BBB+/A-2' Ratings And Estonia 'A/A-1' Ratings On CreditWatch Negative Feb 09 Product Image

Latvia Downgraded To 'BB+/B'; Lithuania 'BBB+/A-2' Ratings And Estonia 'A/A-1' Ratings On CreditWatch Negative Feb 09

  • Published: February 2009
  • Standard & Poors

FEATURED COMPANIES

  • City of Vilnius
  • Estonia (Republic of)
  • Latvia (Republic of)
  • Lithuania (Republic of)
  • Riga (City of)
  • MORE

Abstract
LONDON (Standard & Poor's) Feb. 24, 2009--Standard & Poor's Ratings Services today said it had lowered its sovereign credit ratings on the Republic of Latvia to 'BB+/B' from 'BBB-/A-3' and removed the ratings from CreditWatch negative, where they were placed on Nov. 10, 2008. The outlook is negative. Standard & Poor's also placed its 'A/A-1' sovereign credit ratings on the Republic of Estonia, and its 'BBB+/A-2' ratings on the Republic of Lithuania, on CreditWatch with negative implications. In related actions, the 'BBB-/A-3' issuer credit ratings on City of Riga were lowered to 'BB+/B' from 'BBB-/A-3'. The outlook is negative. In addition, the 'BBB+' long-term ratings on City of Vilnius were placed on CreditWatch with negative implications. "The downgrade of Latvia...

Companies mentioned in this report are:
- Latvia (Republic of)
- Riga (City of)
- Lithuania (Republic of)
- Estonia (Republic of)
- City of Vilnius

Action: Downgraded
Action: Outlook: Negative
Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance READ MORE >

- Latvia (Republic of)
- Riga (City of)
- Lithuania (Republic of)
- Estonia (Republic of)
- City of Vilnius

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