Portrait of an Ascending Sovereign Credit slide image

Portrait of an Ascending Sovereign Credit

Investment Highlights Latvia has previously shown a strong ability to recover rapidly from crises situations and overcome external shocks thanks to its flexible and resilient economy, a sustainable fiscal policy and the government's ability to react swiftly in emergency situations. Flexible and Resilient Economy → Government swift actions to stabilize the economy Belongs to the Core of Europe → EZ membership → Member of all the important international organizations Sustainable Fiscal Policy → General government debt level in line with Maastricht criteria Resilient towards external shocks → Proven track record in overcoming economic crisis in the past Predictable public policies and outstanding track record of successful structural reforms Banks Well Capitalised, Profitable and Liquid → Predominantly foreign owned, resident- serving banking sector →Comprehensive financial sector reforms Stable <<A>>> Credit Ratings →The flexibility of the economy and economy's sound external profile Diversified Export → Exports continue to grow despite the delays in raw material supply chains impacted by Covid-19 35
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