Portrait of an Ascending Sovereign Credit
Key Events in 2019/2020
7
1
On February 21, 2020 S&P upgraded foreign currency issuer rating to the historically highest level - from A
to A+ with outlook: Stable
2
On February 21, the Financial Action Task Force (FATF) concluded Latvia has successfully established a new
financial crime prevention system and will not be subject to 'enhanced surveillance' or inclusion in the so-
called 'gray list'
7
3
On March 12, 2020 the Prime Minister publishes the Declaration of Emergency Situation due to the spread of
the Covid-19
4
From March 19, 2020 number of measurements to limit the spread of Covid-19 and to mitigate consequences
have been adopted by the Government
5
On April 10, 2020 Fitch affirmed foreign currency issuer rating to the 'A-' level changing outlook to negative
6
On April 30, 2020 the Cabinet of Ministers approved the Latvia's Stability Programme for 2020-2023.
On August 21, 2020 S&P affirms foreign currency issuer rating to the level A+ with outlook: Stable
8
On October 9, Fitch affirmed long-term foreign currency sovereign credit ratings at the 'A-' level, revising
outlook to stableView entire presentation