Latvia | Credit Rating

Standard & Poor's credit rating for Latvia stands at A- with positive outlook. Moody's credit rating for Latvia was last set at A3 with stable outlook. Fitch's credit rating for Latvia was last reported at A- with stable outlook. DBRS's credit rating for Latvia is A (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Latvia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Latvia as reported by major credit rating agencies.



AgencyRatingOutlookDate
S&PA- Positive Sep 22 2017
DBRSA (low) Stable Jun 30 2017
TE69 Stable Apr 16 2016
Moody'sA3 Stable Feb 13 2015
FitchA- Stable Jun 20 2014
S&PA- Stable May 30 2014
S&PBBB+ Positive Dec 13 2013
FitchBBB+ Stable Jul 09 2013
Moody'sBaa1 Stable Jun 13 2013
S&PBBB+ Stable Jun 10 2013
Moody'sBaa2 Positive Mar 15 2013
FitchBBB Positive Nov 13 2012
S&PBBB Positive Nov 09 2012
S&PBBB- Stable May 02 2012
FitchBBB- Stable Dec 13 2011
Moody'sBaa3 Positive Jun 06 2011
FitchBBB- Positive Mar 15 2011
S&PBB+ Positive Mar 09 2011
S&PBB+ Stable Dec 07 2010
FitchBB+ Stable Sep 03 2010
Moody'sBaa3 Stable Mar 31 2010
S&PBB Stable Feb 12 2010
S&PBB Negative Aug 10 2009
Moody'sBaa3 Negative Apr 23 2009
FitchBB+ Negative Apr 08 2009
S&PBB+ Negative Feb 24 2009
Moody'sBaa1 Negative Jan 07 2009
FitchBBB- Negative Dec 23 2008
FitchBBB- Negative Watch Nov 12 2008
Moody'sA3 Negative Nov 07 2008
S&PBBB Negative Oct 27 2008
FitchBBB Negative Oct 03 2008
Moody'sA2 Negative Sep 25 2008
FitchBBB+ Negative Jan 31 2008
Moody'sA2 Stable Sep 12 2007
FitchBBB+ Stable Aug 17 2007
S&PBBB+ Negative May 17 2007
FitchA- Negative Apr 05 2007
S&PA- Negative Feb 19 2007
Moody'sA2 Positive Mar 09 2006
FitchA- Stable Aug 26 2005
S&PA- Stable Jul 29 2004
FitchA- Positive Jul 07 2004
FitchBBB+ Positive Nov 04 2003
S&PBBB+ Positive Jul 29 2003
FitchBBB+ Stable Jul 21 2003
Moody'sA2 Stable Nov 12 2002
S&PBBB+ Stable Aug 20 2002
S&PBBB Positive Aug 09 2001
FitchBBB Positive Jul 17 2001
FitchBBB Stable Sep 21 2000
FitchBBB N/A Jun 29 1998
Moody'sBaa2 Stable Dec 17 1997
S&PBBB Stable Jan 16 1997


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB 65
B- B2 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B1 BB+ 60
BB- Ba3 BB- 40
CCC+ Caa3 53
B Caa1 B- 25
AA Aa3 AA- AA (high) 88
B- B3 25
N/A N/A 30
A+ A2 N/A 91
BB Ba3 BB- 38
B B3 28
A- A2 73
BB Ba2 BB BB 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ Aa3 A N/A 78
A+ A1 A+ A (high) 80
BBB Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB Ba2 BB 45
Caa2 20
BB+ Ba3 BB BB (low) 36
AA- A1 A+ 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B 29
B- B3 B 28
CCC+ Caa1 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A B3 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B- Caa2 B- CCC (high) 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa3 BBB- 46
B- Caa1 B- 25
A+ A2 A A (high) 70
N/A Aa2 98
A+ A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B1 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A- A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA- 88
BB- BB 48
A- A3 A- 66
B2 B+
A- A3 A+ A 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- Caa1 B- 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 CC 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B+ B2 B+ 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa2 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B+ B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BB+ BBB (low) 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BB+ Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB- Ba3 BB- 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
BBB+ Baa2 BBB+ A (low) 62
B+ B1 B+ 38
B3 25
B B1 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
BB- B1 B+ 44
BB Ba1 BB+ BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD Caa3 RD 5
BB- B1 BB- 29
B B3 B 34


Ratings

The Trading Economics credit rating (TE Rating) scores the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D