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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
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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
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