Fitch affirms Latvia at 'A-'; outlook stable

  • 2018-10-31
  • LETA/TBT Staff
Fitch Ratings has affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, the ratings agency informed. Latvia's ratings are supported by solid public finances, as well as institutional strengths and a credible policy framework that come with EU and eurozone membership. A lower income level and weaker external finances than higher-rated peers are constraints on the rating, according to Fitch. Real GDP growth was 4.7 percent in 1H, in line with the 4.6 percent recorded in 2017. Investment was the fastest growin...
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