Japanese credit rating agency R&I changed Latvia`s credit rating outlook to positive from stable
Credit rating agency positively estimates Latvia’s stable financial system adherence to disciplined fiscal management, stable political climate and economic development.
Increase of economy’s resilience to external shocks is estimated positively. R&I point out Latvia`s ability to maintain a positive economic development despite trade downturn with Russia.
R&I will upgrade the rating if Latvia can confirm a sound fiscal position and stable financial system even when external conditions change.
The previous credit rating agencies announcement was on November 25, when international rating agency S&P global affirmed Latvian credit rating for long-term local and foreign currency retention of “A-“ with stable outlook.
Full press release in R&I homepage.