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".