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S&P Upgrades Latvia

Published: November 15, 2012; 21:42 · (Vindobona)

The Baltic country performs well, S&P underlines. The long and short-term sovereign credit rating moved from “BBB-/A-3” to “BBB/A-2”.

According to Latvia´s Minister of Finance Andris Vilks, the credit rating is highly relevant for the Latvian economy. Vilks demonstrates satisfaction on the upgrade. The Latvian Minister of Finance underlined the country´s austerity policy and stressed the predictability of the tax system.

Among the EU member countries, Latvia is performing best. In 2012, Latvia´s economic…

This article includes a total of 131 words.

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