HQ Fitch Ratings. Photos from the site msu.ruMezhdunarodnoe agency Fitch Ratings has lowered long-term ratings of Estonia, Latvia and Lithuania in the national and foreign currencies. In the case of all three countries, Fitch also left a "negative" forecasts on ratings, reports AFP.
Against the backdrop of financial crisis top of Estonia in the foreign currency was lowered from A-to BBB +, the national - from A to A-. Top of Latvia in foreign currency fell from BBB-to BB +, the national currency - from BBB to BBB-. Top of Lithuania in foreign and national currencies has dropped from BBB + to BBB and A-to BBB +, respectively. Note that in October 2008, Fitch Ratings was the second time reduces long-term ratings of the Baltic countries.
In a press release, Fitch analysts stressed that the most unstable situation in the Baltic region is observed in Latvia, a deteriorating economic situation despite the IMF and the European Union multibillion loan.
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