S&P upgrades Latvia's rating to A+  24 February 2020

On Friday, February 21, international credit agency "S&P Global Ratings" upgraded Latvia's rating to historicaly high level  "A+", while maintaining a stable outlook.

"We are glad and pleased that the years long work to improve our fiscal governance has been approved internationally. A higher rating means less interest expenditure from the state budget, which could be reallocated for other purposes", emphasized the chairwoman of the council Mrs. Steinbuka.  FDC member Morten Hansen noted: "This is a logic result of a systematic work on improving fiscal discipline framework. We are pleased that our organization has played a role in achieving the high rating".