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Fitch upgrades Latvia's credit rating

The Baltic Course    Translate This Article
20 June 2014

On 20 June 2014 The Baltic Course reported: The international rating agency Fitch raised Latvia's credit rating for long-term liabilities in the local and foreign currency from 'BBB ' to 'A-' with stable future outlook, the Ministry of Finance reported. 'This is the third credit rating upgrade for Latvia within a month, which means high appreciation of the achievements of the country and the nation. Fitch explains the rating increase by Latvia's positive economic growth, good state financial indicators, and achievements in the public finance environment,' Minister of Finance Andris Vilks commented. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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