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Research Update: Latvia Ratings Placed On CreditWatch Negative Due To Heightened Currency Pressures Jun 09 Product Image

Research Update: Latvia Ratings Placed On CreditWatch Negative Due To Heightened Currency Pressures Jun 09

  • Published: June 2009
  • Region: Latvia
  • Standard & Poors

Abstract
Standard & Poor's has placed its 'BB+' long-term rating on the Republic of Latvia on CreditWatch with negative implications, due to increased pressure on the sovereign's currency in the near term. The ratings are under review to allow us to assess Latvia's policy response to the increasing economic, fiscal, and external pressures, as well as to see whether the EU and IMF continue to be willing to provide external financing, and at what terms. On June 8, 2009, Standard & Poor's Ratings Services placed its 'BB+' long-term rating on the Republic of Latvia on CreditWatch with negative implications, due to increased pressure on the sovereign's currency in the near term. In a related action, Standard & Poor's also placed its...

Companies mentioned in this report are:
- Latvia (Republic of)

Action: On CreditWatch:Negative

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 rating of holdings and identify key factors underlying an issuer's READ MORE >

- Latvia (Republic of)

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