Portrait of an Ascending Sovereign Credit

Key Strengths Underpinning Latvia's Credit Profile Flexible and resilient economy with strong and coordinated respone to economic challenges to recover from the shocks faster 3 Broadly-diversified exports, important factor underpinning healthy current account balance Fiscal discipline, deeply embedded, mitigates the level of drop and keeps Latvia within the line of the Maastricht criteria Small number of Covid-19 cases did not caused significant direct expenditures and a serious impact on the health care sector. The Covid-19 pandemic has effect on economic growth but it is expected to rebound in 2021. Well-capitalized and liquid banking sector, with tighter AML/CFT regime

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