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.
On Wednesday, 4 June, Minister for Finance Andris Vilks met with European Union (EU) Commissioner for Regional Policy Johannes Hahn.At the meeting, there have been currently topical issues about EU funds planning period 2014-2020 and Latvia’s priorities in the Cohesion Policy* during Latvia’s Presidency of the Council of the EU which will take place at the first half of 2015.