Latvia receives ratings boost

  • 2012-02-02
  • From wire reports
RIGA - The Japanese credit rating agency Rating and Investment Information, Inc. (R&I) has upgraded Latvia’s credit rating from BB+ to BBB-, reports LETA. The rating outlook is stable, says the Finance Ministry.The Ministry explains that, by taking this step, R&I also restores Latvia’s credit rating at the level of investments. Therefore it is an important assessment of Latvia’s potential for economic development. Such international credit rating agencies as Fitch Ratings and Moody’s have also assessed the country’s credit rating.“W...
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