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Baltic States: Fitch downgrades Baltic States
Fri, Oct 3 2008, 12:16 GMT
by Lars Christensen
The rating agency today said that it has downgraded all three Baltic States - Estonia, Latvia and Lithuania. This is yet another blow to the already very fragile Baltic economies and markets. We continue to advise a high degree of caution in the Baltic markets.
All three countries's ratings were downgraded by one notch. The ratings are now as follows:
- • Estonia: Long-term foreign currency IDR: downgraded to 'A-' (A minus) from 'A'. Outlook remains Negative
- • Latvia: Long-term foreign currency IDR: downgraded to 'BBB' from 'BBB+'. Outlook remains Negative
- • Lithuania: Long-term foreign currency IDR: downgraded to 'A-' (A minus) from 'A'. Outlook remains Negative
Published on Fri, Oct 3 2008, 12:23 GMT
Archive
- China: Appreciation pressure intensifies
Published On Thu, Nov 12 2009, 16:39 GMT - Baltics: on a deflationary trend
Published On Mon, Nov 9 2009, 13:42 GMT - OECD leading indicators still point to very strong growth
Published On Fri, Nov 6 2009, 13:23 GMT - EMEA markets: Correction time
Published On Tue, Nov 3 2009, 13:17 GMT - EMEA: October PMI slightly disappointing
Published On Mon, Nov 2 2009, 17:22 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
EMEA Daily - Budget negotiations are begin to heat up in Lithuania by Danske Bank A/S
Tue, Nov 10 2009, 06:12 GMT
Latvia: decline has bottomed out by Danske Bank A/S
Mon, Nov 9 2009, 13:23 GMT
EMEA Daily - Estonian inflation is expected decline further in October by Danske Bank A/S
Fri, Nov 6 2009, 06:15 GMT
Lithuania: Recovery or massive deflation? by Danske Bank A/S
Tue, Oct 27 2009, 13:16 GMT
New Europe Weekly - Risk sentiment strong, but Latvian worries weigh on CEE by Danske Bank A/S
Fri, Oct 16 2009, 17:52 GMT
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