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S&P Upgrades Latvia
Politics ♦
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”.
S&P Upgrades Latvia / Picture: © Vindobona.org
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…
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