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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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