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.