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Fitch boosts Latvia’s rating

Sep 09, 2010
Staff and wire reports

RIGA - Latvia’s credit rating outlook was raised to “stable” by Fitch Ratings after the government got under control a spiraling budget deficit and stabilized the economy following the European Union’s deepest recession, reports Bloomberg. The improvement means Fitch is more likely to leave Latvia’s BB+ rating unchanged than raise or lower it, Fitch said today in a statement. The rating, one step below investment grade, puts Latvia on par with Romania, Turkey and ...

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