Posts tagged as Fitch

Fitch affirms Latvia’s credit rating at A– with stable future outlook

Monday, April 15, 2019

International credit rating agency Fitch Ratings maintains Latvia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A–‘, maintaining stable future outlook. Fitch notes the main factors that maintain Latvia’s credit rating at A– include strong state finances, institutional strengths and credible policy framework secured by membership in the EU and Eurozone. Among Latvia’s flaws, Fitch mentions low income level of the country’s residents, as well as high fluctuation of GDP and external…

Fitch upgrades Estonia to AA-, says economy is stable

Monday, October 8, 2018

Rating agency Fitch upgraded Estonia’s long-term foreign and local-currency issuer default ratings (IDRs) to AA- from A+ on Friday, adding that they expect it to remain stable at this point. As the key rating drivers behind the upgrade Fitch named Estonia’s current account surplus and “continued external deleveraging in the private sector, both of which have strengthened Estonia’s external position, underpinning a strong net external creditor position equivalent to 16.6%…