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.
Moody's Investors Service on Friday June 16 upgraded Latvia' s government bond rating by one notch to Baa1 from Baa2. The outlook of the rating is stable.