On Monday, December 22, Japanese agency Rating and Investment Information, Inc. (R&I) upgraded Latvia’s credit rating. Country’s Foreign Currency Issuer Rating has been upgraded from BBB to BBB+. The Rating Outlook is Stable. This year, Latvia’s credit rating has already been upgraded by three biggest international rating agencies – Fitch, Standard&Poor’s and Moody’s.
On Wednesday, November 5th, the Saeima has expressed confidence in the newly formed Cabinet and Jānis Reirs assumes office as Minister for Finance, thus replacing the former Minister for Finance Andris Vilks who has held the position of Minister for Finance for the longest period of time.
On Friday, 20 June, the international rating agency Fitch upgraded Latvia’s credit rating. Latvia’s sovereign credit rating for long-term liabilities in the local and foreign currency is upgraded from ‘BBB+’ to ‘A-’ with a stable outlook.