Posts tagged as credit

Lithuania maintains A credit rating despite coronavirus downturn

Monday, August 3, 2020

On Friday, the international credit rating agency Fitch confirmed Lithuania’s A credit rating despite the economic coronavirus effects. In a press release, Fitch said “Lithuania’s ratings reflect high governance indicators and a credible policy framework supported by EU membership”. “The Stable Outlook reflects a degree of economic resilience to the Covid-19 pandemic owing to an improvement in external finances (with the decline in net external debt), a stable banking sector…

State seeking to abolish strict ad restrictions on consumer credit providers

Wednesday, July 17, 2019

The Estonian Ministry of Economic Affairs and Communications is seeking to abolish strict advertising restrictions on providers of express loans, which were imposed only three years ago when the state decided to harshly organize the express loan market, the daily Postimees writes. At present, an express loan advert is allowed to contain only mandatory information, for example the interest rate, the annual percentage rate of charge, and the company’s contact…

Fitch affirms Latvia’s credit rating at A– with stable future outlook

Monday, April 15, 2019

International credit rating agency Fitch Ratings maintains Latvia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A–‘, maintaining stable future outlook. Fitch notes the main factors that maintain Latvia’s credit rating at A– include strong state finances, institutional strengths and credible policy framework secured by membership in the EU and Eurozone. Among Latvia’s flaws, Fitch mentions low income level of the country’s residents, as well as high fluctuation of GDP and external…