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Ministry of Finance
of the Republic of Latvia
1 Smilsu st., Riga
LV-1919, Latvia

P.: +371-67095405
F.: +371-67095503
E-mail: pasts@fm.gov.lv
info@fm.gov.lv

Japanese credit rating agency R&I changed Latvia`s credit rating outlook to positive from stable 30/01/2017 Valsts kase

On Monday, January 30, Japanese credit rating agency R&I changed Latvia`s credit rating outlook to positive from stable. R&I has affirmed the Foreign Currency Issuer Rating at BBB+.

Credit rating agency positively estimates Latvia’s stable financial system adherence to disciplined fiscal management, stable political climate and economic development.

Increase of economy’s resilience to external shocks is estimated positively. R&I point out Latvia`s ability to maintain a positive economic development despite trade downturn with Russia.

R&I will upgrade the rating if Latvia can confirm a sound fiscal position and stable financial system even when external conditions change.

The previous credit rating agencies announcement was on November 25, when international rating agency S&P global affirmed Latvian credit rating for long-term local and foreign currency retention of “A-“ with stable outlook.

Full press release in R&I homepage.

11/01/2017 10/01/2017 29/12/2016

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Tālrunis uzziņām: 67095405

Lietvedības tālrunis: 67095578

Fakss: 67095503

E-pasts: info@fm.gov.lv

Adrese: Smilšu iela 1, Rīga, LV-1919, Latvija