On Friday, November 7, 2025, Fitch Ratings (Fitch) affirmed Latvia's credit rating at A- with stable outlook. In accordance with agency`s view Latvia's rating level A- reflects a credible economic policy framework supported by EU and eurozone membership, and lower, albeit rising, government debt and debt servicing costs than rating peers. These strengths are balanced against the economy's small size, which leave it exposed to external shocks, lower GDP per capita, and a higher current account…
On Friday, November 7, 2025, Fitch Ratings (Fitch) affirmed Latvia's credit rating at A- with stable outlook. In accordance with agency`s view Latvia's rating level A- reflects a credible economic policy framework supported by EU and eurozone membership, and lower, albeit rising, government debt and debt servicing costs than rating peers. These strengths are balanced against the economy's small size, which leave it exposed to external shocks, lower GDP per capita, and a higher current account deficit relative to A peers. Fitch considers geopolitical risks to be mitigated by NATO's mutual defence clause, even as the uncertainty about the US commitment has increased, and the government's plan to substantially raise defence spending over the…
