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Bulletin: Risk Of A Disorderly Unwinding In Baltic Economies Mitigated By Swedbank Launch May 08
Standard & Poors, May 2008
Abstract
LONDON (Standard & Poor's) May 21, 2008--Standard & Poor's Ratings Services today said that the decision by Sweden's Swedbank (A+/Negative/A-1) to launch its home market brand name in the Baltic countries reinforces its view that parent bank support in the Baltic region is particularly robust. This support mitigates though does not eliminate the risk of a disorderly decline in the financial account surplus in the Baltics, a key concern in light of the strong role Swedish commercial lenders play in determining monetary growth in Estonia (A/Negative/A-1), Latvia (BBB+/Negative/A-2), and Lithuania (A-/Negative/A-2). Growth is slowing very rapidly in both Estonia and Latvia. The slowdown is overdue, and is already contributing to a very marked narrowing of the current account deficits (and...
Companies mentioned in this report are: Latvia (Republic of),Lithuania (Republic of),Estonia (Republic of)
Action: Bulletin
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 creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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