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Latvia (Republic of) Apr 11 Product Image

Latvia (Republic of) Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • Bulgaria (Republic of)
  • Croatia (Republic of)
  • Estonia (Republic of)
  • Hungary
  • Iceland (Republic of)
  • Latvia (Republic of)
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Abstract
A high level of private sector external indebtedness Limited ability to support the domestic economy due to previous procyclical fiscal stance Lack of monetary flexibility Fiscal restraint anchored by the country's euro-adoption policy goal Relatively strong medium-term economic growth potential supported by flexible labor market Relatively low net general government debt levels The ratings on Latvia balance our view of the sovereign's weak external liquidity and large external debt burden against the predictability and stability of its policy environment, commitment to fiscal reform, and relatively strong economic growth prospects. In our view, the Latvian economy is rebalancing and reducing, to some extent, its high dependence on external financing. As part of the economy's response to the severe economic adjustment of...

Companies mentioned in this report are:
- Latvia (Republic of)
- Iceland (Republic of)
- Hungary
- Romania
- Croatia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international READ MORE >

- Latvia (Republic of)
- Iceland (Republic of)
- Hungary
- Romania
- Croatia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)

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