The international rating agency Standard & Poor's upgraded Estonia's long-term foreign currency rating
Published:
21 November 2001 y., Wednesday
The international rating agency Standard & Poor's upgraded Estonia's long-term foreign currency rating, or sovereign rating, from BBB+ to A-, BNS quoted the Bank of Estonia as saying Tuesday.
"Upgrading of the rating is a feather in Estonia's cap at a time when the world economic outlook is governed by uncertainty," Vahur Kraft, the central bank head, said. Standard & Poor's said the upgrade reflects Estonia's continued success in accession talks with the European Union and the implementation of structural reforms. It also noted that per capita direct investment in Estonia is the highest among post-communist countries. At the same time, it said Estonia remains vulnerable to external economic shocks; the ratings agency also pointed to relatively high unemployment and uneven regional development as potential problems. In August, Fitch IBCA also upgraded Estonia's sovereign rating to A-; Moody's has assigned Estonia a rating of Baa1.
Šaltinis:
balticsww.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »