Latvia debt rating cut to ‘junk’

Author (Person)
Series Title
Series Details 25.2.09
Publication Date 25/02/2009
Content Type

Latvia's sovereign debt was cut to junk status, 24 February 2009, as its economy struggles with the financial crisis. The credit ratings agency Standard & Poor's reduced its rating to BB+/B, which is below investment grade.

Related Links
BBC News, 24.2.09: Latvian debt is given junk status http://news.bbc.co.uk/1/hi/business/7908810.stm
ESO: Background information: Latvia PM falls victim to turmoil http://www.europeansources.info/record/latvia-pm-falls-victim-to-turmoil/

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