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"Moody's" taking too long to raise Latvia's credit rating - Dombrovskis

Valdis Dombrovskis. Photo: Ieva Čika/LETA.
 RIGA, Dec 17 - Prime Minister Valdis Dombrovskis (Unity) believes that Latvia's credit rating is too low and that it is taking the international credit rating agency "Moody's" too long raising it, "even though the country deserves a higher rating", as the prime minister said in an interview with the newspaper "Diena".
Dombrovskis, however, points out that Latvia's assessment differs from Estonia's due to the fact that Latvia has a higher government debt and has not yet introduced the euro.
As reported, Latvia's credit rating is assigned by the Big Three credit rating agencies - "Standard & Poor's", "Moody's Investors Service", "Fitch Ratings", as well as Japan's "R&I".
leta.lv
17-12-2012
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