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Saturday, 25.10.2014, 16:23
Fitch Ratings has affirmed Lithuania's Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch.
Keyword tags: Analytics, Economics, Financial Services, GDP, Investments, Lithuania, Rating
"QS World University Rankings" – a list of the world's top universities – has included seven Baltic universities this year. Out of the seven Baltic universities on the list, the University of Latvia (LU) is the only university representing Latvia. Tartu is leading in Baltics, reports LETA.
International credit rating agency Moody’s has upgraded Lithuania's long-term credit rating outlook from stable to positive, informs LETA/ELTA.
In the latest Global Competitiveness Report published by the World Economic Forum (WEF), Latvia has climbed 10 positions to reach 42nd place, while Switzerland remains the most competitive economy in the world. Estonia is still the most competitive – 29th, informs LETA.
Estonia's credit strengths are supported by steady economic growth that, demographic constraints notwithstanding, is aided by the country's diversified, albeit small, economy, its moderately high level of affluence and the longer-term prospects for economic convergence with the core euro area, Moody’s Investors Service said in its annual review of the Estonian economy, reports LETA.
At the end of last week, the international ratings agency Standard & Poor’s reaffirmed Estonia’s long-term State rating at its former high level of AA-, with a stable outlook, reports LETA, referring to the Ministry of Finance.
International rating agency Fitch has positively assessed consistent steps of Lithuania in pursuit of sustainability of public finances and the fact that the Economic and Financial Affairs Council (ECOFIN) approved of the recommendation to adopt the euro in Lithuania on 1 January 2015, and upgraded Lithuania's long-term borrowing rating from BBB to A-, reports LETA/ELTA.