Oct Sep Oktobris 2018 Oct Nov
P O T C P S Sv
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

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

Credit rating agency S&P Global re-affirms Latvia’s credit rating 26/02/2018

On Thursday, February 22, the credit rating agency S&P Global affirmed its 'A-' long-term foreign and local currency sovereign credit ratings on the Republic of Latvia. The outlook remain positive.

S&P Global made a deviation from its pre-established calendar, triggered by the statement of the U.S. Department of the Treasury related to the Latvia-based ABLV Bank and introduced of payment restrictions by the European Central Bank and the Financial and Capital Markets Commission (FCMC) of Latvia.

In accordance with the S&P Global, the direct fiscal risk for Latvia in relation to ABLV Bank is modest and insignificant to Latvia's public finance capability.

S&P Global outlines that no material negative effect on the core of the Latvian banking system - financial institutions focusing on serving resident deposits - is expected.

In S&P Global view, although there is a possibility that the ongoing situation could negatively affect some other domestic Latvian banks that focus on servicing                    non-resident clients, however it would have only a limited impact on the Latvian economy and not endanger the financial stability in Latvia.

S&P Global acknowledges the strong government's fiscal position, current and expected economic growth close to 3% in the medium term. In S&P Global view, economic growth in the medium term will be driven by strong local domestic consumption, investments supported by the EU funding cycle and exceptionally favourable foreign trade conditions.

According to a pre-established calendar of rating publication dates, the next scheduled rating publication on the sovereign rating of the Republic of Latvia will be on March 23, 2018.

 

Full press release in S&P Global homepage (registration required).

18/10/2018 25/09/2018 25/09/2018

Ja vēlaties saņemt jaunumus savā e-pastā, lūdzu, ievadiet e-pastu un nospiediet pogu - pieteikties!

SIGN UP FOR NEWSLETTER

CALENDAR

Oct Sep Oktobris 2018 Oct Nov
P O T C P S Sv
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

SIGN UP FOR NEWSLETTER

Kamera

Ministry of Finance processes personal data according to the laws and regulations. Before providing your personal data, please get acquainted with data proceeding procedure. In order to provide information accessible for the society, photos, as well as video and audio records might be made within the premises of the Ministry of Finance.

Read More

CONTACTS

Tālrunis uzziņām: 67095405

Lietvedības tālrunis: 67095578

Fakss: 67095503

E-pasts: info@fm.gov.lv

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

This website uses cookies to improve your experience in using it and to optimise its operation. By continuing the browser session or clicking the button "Agree", you confirm that you agree to use cookies. For more detailed information, please read the Cookie Policy of our website.
Accept