Rating upgrade goes against EU grain

  • 2012-05-10
  • From wire reports
RIGA - “If the situation in the eurozone does not see a rapid deterioration, and we ourselves do not do anything stupid, we can expect further increases in our credit rating,” the chief economist at Swedbank in Latvia, Martins Kazaks, said to the business information portal Nozare.lv.“If Latvia introduces the euro and continues to move forward with structural reforms, we could exceed Lithuania’s credit rating within a year, or even the next six months, and move closer towards Estonia’s rating,” Kazaks said.He added that “It is certain tha...
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