Latvia http://www.alacrastore.com/country-snapshot/Latvia 08 Nov 2009 07:51:50 EST en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/s-and-p-credit-research-Summary_Riga_City_of-749264749264spcred/749264normglobal30 Sep 2009 01:14:08 EST175SummaryThe latest Summary from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSummaryLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZSUMMARYGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Latvian_Capital_City_of_Riga_Rating_Lowered_To_BB_Following_Similar_Action_On_Latvia_Outlook_Negative-739301739301spcred/739301normglobal11 Aug 2009 03:29:03 EST100NewsThe latest News from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersNewsLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZNEWSGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Latvian_Capital_City_of_Riga_Rating_Lowered_To_BB_Following_Similar_Action_On_Latvia_Outlook_Negative-739302739302spcred/739302normglobal11 Aug 2009 03:29:00 EST175Research UpdateThe latest Research Update from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersResearch UpdateLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZRESUPDGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Republic_of_Latvia_Long_Term_Sovereign_Rating_Lowered_To_BB_On_Political_And_Economic_Challenges_Outlook_Negative-739035739035spcred/739035normglobal10 Aug 2009 01:23:00 EST100NewsThe latest News from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersNewsLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZNEWSGLOBISSLEVFINSOVCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Republic_of_Latvia_Long_Term_Sovereign_Rating_Lowered_To_BB_On_Political_And_Economic_Challenges_Outlook_Negative-739036739036spcred/739036normglobal10 Aug 2009 01:23:00 EST175Research UpdateThe latest Research Update from S&PEmerging MarketsEurope, Middle East, AfricaGlobal IssuersResearch UpdateLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZRESUPDGLOBISSLEVFINSOVLatvia (Republic of)Credit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/726689726689spcred/726689normglobal09 Jun 2009 01:07:00 EST175SummaryThe latest Summary from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSummaryLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZSUMMARYGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/726421726421spcred/726421normglobal08 Jun 2009 01:11:12 EST100NewsThe latest News from S&PLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersNewsLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZNEWSGLOBISSLEVFINSOVCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/726422726422spcred/726422normglobal08 Jun 2009 01:11:00 EST175Research UpdateThe latest Research Update from S&PLatvia (Republic of)Global IssuersResearch UpdateLatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZRESUPDGLOBISSLEVFINSOVLVAEurope, Middle East, AfricaEmerging MarketsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/712863spcred/712863norm712863The latest Research Update from S&Pglobal31 Mar 2009 07:05:00 EST175Research UpdateLatvia (Republic of)Diversified BanksEmerging MarketsEurope, Middle East, AfricaFinancial InstitutionsGlobal IssuersResearch UpdateLVA40101010 401010 4010 40A/S Latvijas Krajbanka414252EUROMIDAFREMERGINGRESUPDLTUX1169M40101010 401010 4010 40Bankas Snoras414249EMERGINGEUROMIDAFRGLOBISSFILEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/712862spcred/712862norm712862The latest News from S&Pglobal31 Mar 2009 07:05:00 EST100NewsLatvia (Republic of)Diversified BanksEmerging MarketsEurope, Middle East, AfricaFinancial InstitutionsGlobal IssuersNewsLVA40101010 401010 4010 40A/S Latvijas Krajbanka414252EMERGINGEUROMIDAFRNEWSGLOBISSFILEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/704448spcred/704448norm704448The latest Research Update from S&Pglobal24 Feb 2009 10:29:31 EST175Research UpdateLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsInternational Public FinanceResearch UpdateOn Feb. 24, 2009, Standard&Poor's Ratings Services lowered its sovereign credit ratings on the Republic of Latvia to 'BB+/B' from 'BBB-/A-3' and removed the ratings from CreditWatch negative, where they were placed on Nov. 10, 2008. The outlook is negative. The Transfer&Convertibility assessment on Latvia was also lowered to 'BBB' from 'A-'. At the same time, Standard&Poor's assigned a recovery rating of '3' to the foreign currency senior unsecured debt issued by Latvia, indicating our expectation of an average recovery of 50%-70% in the event of a payment default. In a related action, the 'BBB-/A-3' ratings on the City of Riga were lowered to 'BB+/B'. The outlook is negative. The sovereign rating action reflectsLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZRESUPDLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZGLOBISSSOVGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/704444spcred/704444norm704444The latest News from S&Pglobal24 Feb 2009 10:29:00 EST100NewsLatvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsInternational Public FinanceNewsLONDON (Standard&Poor's) Feb. 24, 2009--Standard&Poor's Ratings Services today said it had lowered its sovereign credit ratings on the Republic of Latvia to 'BB+/B' from 'BBB-/A-3' and removed the ratings from CreditWatch negative, where they were placed on Nov. 10, 2008. The outlook is negative. Standard&Poor's also placed its 'A/A-1' sovereign credit ratings on the Republic of Estonia, and its 'BBB+/A-2' ratings on the Republic of Lithuania, on CreditWatch with negative implications. In related actions, the 'BBB-/A-3' issuer credit ratings on City of Riga were lowered to 'BB+/B' from 'BBB-/A-3'. The outlook is negative. In addition, the 'BBB+' long-term ratings on City of Vilnius were placed on CreditWatch with negative implications. "The downgrade of LatviaLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZNEWSESTLVALTU297588536878Estonia (Republic of)Riga (City of)Vilnius (City of)Lithuania (Republic of)361143319310312456315433EMERGINGEUROMIDAFR8500Z1092Z@LH1000Z@ET87366Z@LHGLOBISSSOVGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/682505spcred/682505normThe latest News from S&Pglobal11 Nov 2008 08:25:58 EST100News682505Latvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersInternational Public FinanceNewsMOSCOW (Standard&Poor's) Nov. 11, 2008--Standard&Poor's Ratings Services said today that it had lowered its long-term issuer credit rating on the City of Riga, the capital of the Republic of Latvia (BBB-/Watch Neg/A-3), to 'BBB-' from 'BBB'. At the same time, the 'A-3' short-term rating was affirmed. Both the long-and short-term ratings were placed on CreditWatch with negative implications. "The downgrade and CreditWatch placement follow the downgrade and CreditWatch placement on the sovereign," said Standard&Poor's credit analyst Jean-Louis Renaud. The ratings on Riga reflect the city's continuing strong budgetary performance and strong economic position as Latvia's economic, financial, and administrative center. The rating also reflects Riga's sustainable debt burden, despite the increase in off-balance-sheet liabilities,LVARiga (City of)312456EMERGINGEUROMIDAFR8500ZNEWSGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/682506spcred/682506normThe latest Research Update from S&Pglobal11 Nov 2008 08:25:58 EST175Research Update682506Latvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersInternational Public FinanceResearch UpdateOn Nov. 11, 2008, Standard&Poor's Ratings Services lowered its long-term issuer credit rating on Latvia's capital, the City of Riga, to 'BBB-' from 'BBB'. At the same time, the 'A-3' short-term rating was affirmed. Both the long-and short-term ratings were placed on CreditWatch with negative implications. The downgrade and CreditWatch placement follow the downgrade and CreditWatch placement on the Republic of Latvia (BBB-/Watch Neg/A-3). The ratings on Riga reflect the city's continuing strong budgetary performance and strong economic position as Latvia's economic, financial, and administrative center. The rating also reflects Riga's sustainable debt burden, despite the increase in off-balance-sheet liabilities, which we consolidate into the city's direct debt. Constraining factors include the city's low financial flexibility and limitedLVARiga (City of)312456EMERGINGEUROMIDAFR8500ZRESUPDGLOBISSGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/682352spcred/682352normThe latest News from S&Pglobal10 Nov 2008 03:27:46 EST100News682352Latvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsNewsLONDON (Standard&Poor's) Nov. 10, 2008--Standard&Poor's Ratings Services today said it had lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Latvia to 'BBB-' from 'BBB', due to the increased risk facing Latvian banks of a weakening deposit base. The short-term ratings of 'A-3' were affirmed. At the same time, Standard&Poor's also lowered its Transfer&Convertibility assessment on Latvia to 'A-' from 'A'. The long- and short-term ratings have been placed on CreditWatch with negative implications. "High external indebtedness and substantial, but declining, current account financing needs remain the key constraints on the ratings on Latvia," Standard&Poor's credit analyst Eileen Zhang said. "The flow of external financingLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZNEWSGLOBISSSOVCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/682353spcred/682353normThe latest Research Update from S&Pglobal10 Nov 2008 03:27:46 EST175Research Update682353Latvia (Republic of)Emerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsResearch UpdateOn Nov. 10, 2008, Standard&Poor's Ratings Services lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Latvia to 'BBB-' from 'BBB', due to the increased risk facing Latvian banks of a weakening deposit base. The short-term ratings of 'A-3' were affirmed. At the same time, Standard&Poor's also lowered its Transfer&Convertibility assessment on Latvia to 'A-' from 'A'. The long- and short-term ratings have been placed on CreditWatch with negative implications. High external indebtedness and substantial, but declining, current account financing needs remain the key constraints on the ratings on Latvia. The flow of external financing depends on the willingness and ability of foreign parent banks to roll over intra-bankLVALatvia (Republic of)309881EMERGINGEUROMIDAFR7190ZRESUPDGLOBISSSOVCredit & Investment ResearchS&P Credit Research