Baltic States: Fitch downgrades Baltic States |
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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
Filed under: Fundamental
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