04. february 2014

R&I confirmed the Latvian BBB rating

Japanese Rating and Investment Information, Inc. (R&I) confirmed the Latvian BBB rating with a positive credit rating outlook.

The agency stipulates that the Latvian economy continuously demonstrates steady growth with moderate inflation, stability of its financial system improves, and an increase in lending is expected. Moreover, although control over non-resident deposits is a must, it seems unlikely that it can impact the financial system in a negative way.

The fiscal situation of the Government is good, R&I admit.

R&I believe that the Latvian economy continues its growth by approximately 4% against the background of recovering European economies. Last year R&I increased the Latvian credit rating by one level from BBB- to BBB.

Source: delfi.lv

Latvian investment rating