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
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »