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Latvia (Republic of) Apr 11 Product Image

Latvia (Republic of) Apr 11

  • ID: 1835215
  • April 2011
  • Region: Latvia
  • Standard & Poors

FEATURED COMPANIES

  • Bulgaria (Republic of)
  • Croatia (Republic of)
  • Estonia (Republic of)
  • Hungary
  • Iceland (Republic of)
  • Latvia (Republic of)
  • MORE

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 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: Full Analysis

Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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