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NEWS

Moody's confident about Hipoteku

Jul 12, 2008
By Mike Collier

RIGA - July 11th, the international rating agency Moody's re-approved the ratings it had previously assigned to Latvia's Hipotenku banka (Mortgage bank), assigning them a 'stable' future outlook. Moody's keeps an A2 rating for the bank's long-term deposits, and P-1 for its short term deposits: both investment-level ratings.  The A2 long-term deposit rating is the maximum evaluation level for the Latvian state, which owns Hipoteku, so no upward revision would be possible without revis ...


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