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Article: LATVIA: MOODY'S DOWNGRADES CITY OF RIGA TO BAA1; OUTLOOK NEGATIVE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- January 11, 2009
CopyrightCOPYRIGHT 2009 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service has today downgraded the foreign and local currency issuer ratings of the City of Riga in Latvia to Baa1 from A3. The outlook remains negative. The lowering of the city's ratings were triggered by Moody's revision of the Government of Latvia local and foreign currency issuer and debt ratings to Baa1 with negative outlook from A3 negative. The latter action reflects the intensification of the economic adjustment in Latvia since October 2008. The economic downturn is now expected to be deeper and more prolonged than previously assumed and will lead to a significant rise in central government borrowing to smooth the adjustment and prevent a major ...
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... ... following was issued by Southern Investors Service Company, Inc. (OTC Bulletin Board: SISV). Southern Investors Service Company, Inc. (Thousands ... 168,929 SOURCE Southern Investors Service Company, Inc. -0- 05 ...
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