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NEWS

S&P still wary of Baltics

Jul 30, 2008
From wire reports

VILNIUS - According to a July 23 report released by the international rating agency Standard & Poor’s, the outlook on the sovereign debt ratings of Estonia, Latvia and Lithuania remains negative due to the continued risk of a hard landing these economies face. S&P analyst Eileen Zhang said that the situation in Lithuania was better than in Latvia or Estonia as it is approximately 12-18 months behind in the business cycle compared with its neighbors and hasn’t yet reached the overheated ...


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