In accordance with agency`s view Latvia's rating level A- reflects a credible economic policy framework supported by EU and eurozone membership, lower, albeit rising, government debt levels and debt servicing costs than rating peers, and moderate private sector indebtedness. These Latvia’s credit rating strengths are balanced against economy's small size and openness, that leave it exposed to external shocks, lower GDP per capita and a higher current account deficit relative to 'A' peers. Although Fitch considers geopolitical risks to be mitigated by NATO's mutual defence clause, increased uncertainty among European NATO members about future US military support contributes to expectations of a further rise in Latvian defence spending…