NEWS
Fitch Ratings devalue Baltic economies
TALLINN - The ratings agency Fitch has downgraded the long-term foreign and local currency ratings, as well as the country ceilings, of all three Baltic states. Fitch announced the downgrade Friday, Oct. 3, citing concerns over the countries’ current account deficits as the primary reason for the one-point drop in ratings. Fitch downgraded Estonia and Lithuania’s foreign currency ratings from A to A- and Latvia’s from BBB+ to BBB. “The downgrade of the Baltic states reflects the risk that the ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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