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Estonian FinMin: Latvia's ratings likely to increase after joining eurozone
BC, Riga, 12.03.2013.
Print version
Print versionWith the accession to the eurozone, Latvia is likely to see its credit ratings increase, Estonian Finance Minister Jurgen Ligi told reporters, informs LETA/Nozare.lv.
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Higher credit ratings mean investments and lower borrowing costs for private individuals, businesses and the state – if the state does want to borrow. The Estonian government does not want to borrow, it hates borrowing, said Ligi.
Ligi admitted that Estonia's credit ratings are at a decent level. However, international credit rating agencies undervalue Estonia, although they can hardly be blamed for being critical, he said.
Standard&Poor's has rated Estonia at "AA-", Moody's – "A+", Fitch – "A+".
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