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Stabilization could lead to rating upgrades

Feb 03, 2010
From wire reports

RIGA - Moody’s Investors Service said it may raise the credit outlook on five of Europe’s emerging market countries by July as their economies recover from recession and their banking systems stabilize, reports Bloomberg. The agency says it may upgrade to stable, from negative, the rating outlooks for Hungary, Latvia, Lithuania, Estonia and Montenegro, says Moody’s senior analyst Kenneth Orchard. He notes that the “economies are stabilizing and the financial stresses a ...

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