1. Sovereigns Ratings List

Latvia Rating: Latvia Credit Rating

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Rating Moody's Latvia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2024-01-26A3 (Stable)
2022-04-29A3 (Stable)
2021-05-14A3 (Stable)
2019-05-31A3 (Stable)
2017-07-14A3 (Stable)
2015-02-13A3 (Stable)
2014-06-13Baa1 (Stable)2024-01-26A3
2013-03-15Baa2 (Positive)2022-04-29A3
2011-06-06(Positive)2021-05-14A3
2010-03-31(Stable)2019-05-31A3
2009-04-23Baa32017-07-14A3
2009-01-07Baa12015-02-13A3
2008-11-07A32014-06-13Baa1
2008-09-25(Negative)2013-03-15Baa2
2007-09-12(Stable)2009-04-23Baa3
2006-03-09(Positive)2009-01-07Baa1
2003-11-15(Stable)2008-11-07A3
2002-11-12A22005-11-22A2
1997-12-17Baa21999-03-02A2
Moody's: Long term Rating
Rating S&P Latvia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-12-06A+ (Negative)
2020-02-21A+ (Stable)
2018-09-21A (Stable)
2017-09-22(Positive)2022-12-06A+
2014-05-30A- (Stable)2020-02-21A+
2013-12-13(Positive)2018-09-21A
2013-06-10BBB+ (Stable)2014-05-30A-
2012-11-09BBB (Positive)2013-06-10BBB+2018-09-21A-12018-09-21A-1
2012-05-02BBB- (Stable)2012-11-09BBB2012-11-09A-22012-11-09A-2
2011-03-09(Positive)2012-05-02BBB-2012-05-02A-32012-05-02A-3
2010-12-07BB+2010-12-07BB+2009-02-24B2009-02-24B
S&P: Long term Rating
Rating Fitch Latvia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2020-04-10A-2020-04-10F1
2019-10-11A-2019-10-11F1
2020-04-10A-2019-04-12A-2019-04-12F1
2019-10-11A-2018-10-26A-2018-10-26F1
2019-04-12A-2018-04-27A-2018-04-27F1
2018-10-26A-2017-10-27A-2017-10-27F1
2018-04-27A- (Stable)2017-04-28A-2017-04-28F1
2017-10-27A- (Stable)2016-11-04A-2016-11-04F1
2017-04-28A- (Stable)2016-07-22A-2016-07-22F1
2016-11-04A- (Stable)2016-05-06A-2016-05-06F1
2016-07-22A- (Stable)2015-11-06A-2015-11-06F1
2016-05-06A- (Stable)2015-05-15A-2015-05-15F1
2015-11-06A- (Stable)2014-12-05A-2014-12-05F1
2015-05-15A-2014-09-19A-2014-09-19F1
2014-12-05A-2014-07-31A-2014-07-31F1
2014-09-19A- (Stable)2014-07-07A-2014-07-07F1
2014-07-31A- (Stable)2014-06-26A-2014-06-26F1
2014-07-07A- (Stable)2014-06-20A-2014-06-20F1
2014-06-26A- (Stable)2014-06-05BBB+2014-06-05F2
2014-06-20A- (Stable)2014-04-28BBB+2014-04-28F2
2014-06-05BBB+ (Stable)2014-04-14BBB+2014-04-14F2
2014-04-28BBB+ (Stable)2014-03-28BBB+2014-03-28F2
2014-04-14BBB+ (Stable)2014-03-14BBB+2014-03-14F2
2014-03-28BBB+ (Stable)2014-02-26BBB+2014-02-26F2
2014-03-14BBB+ (Stable)2014-01-24BBB+2014-01-24F2
2014-02-26BBB+ (Stable)2014-01-16BBB+2014-01-16F2
2014-01-24BBB+ (Stable)2014-01-03BBB+2014-01-03F2
2014-01-16BBB+ (Stable)2013-11-29BBB+2013-11-29F2
2014-01-03BBB+ (Stable)2013-10-14BBB+2013-10-14F2
2013-11-29BBB+ (Stable)2013-10-01BBB+2013-10-01F2
2013-10-14BBB+ (Stable)2013-08-30BBB+2013-08-30F2
2013-10-01BBB+ (Stable)2013-07-09BBB+2013-07-09F2
2013-08-30BBB+ (Stable)2013-06-24BBB+2013-06-24F3
2013-07-09BBB+ (Stable)2013-05-24BBB+2013-05-24F3
2013-06-24BBB2013-03-28BBB+2013-03-28F3
2013-05-24BBB2013-03-06BBB+2013-03-06F3
2013-03-28BBB2012-11-13BBB+2012-11-13F3
2013-03-06BBB2012-10-22BBB2012-10-22F3
2012-08-17BBB- (Stable)2012-08-17BBB2012-08-17F3
2012-06-21BBB- (Stable)2012-06-21BBB2012-06-21F3
2012-05-31BBB- (Stable)2012-05-31BBB2012-05-31F3
2012-02-21BBB- (Stable)2012-02-21BBB2012-02-21F3
2012-01-19BBB- (Stable)2012-01-19BBB2012-01-19F3
2011-12-13BBB- (Stable)2011-12-13BBB2011-12-13F3
2011-11-15BBB-2011-11-15BBB2011-11-15F3
2011-06-10BBB-2011-06-10BBB2011-06-10F3
2011-03-15BBB- (Positive)2011-03-15BBB2011-03-15F3
2010-09-03BB+ (Stable)2010-09-03BBB-2010-09-03B
2009-04-08BB+ (Negative)2009-04-08BBB-2009-04-08B
2008-12-23BBB- (Negative)2008-12-23BBB2008-12-23F3
2008-11-12BBB- (Negative)2008-11-12BBB2008-11-12F3
2008-10-03BBB (Negative)2008-10-03BBB+2008-10-03F3
2008-01-31BBB+ (Negative)2008-01-31A-2008-01-31F2
2007-08-17BBB+ (Stable)2007-08-17A-2007-08-17F2
2007-04-05A- (Negative)2007-04-05A2007-04-05F2
2005-08-26A- (Stable)2005-08-26A2005-08-26F2
2004-07-07A- (Positive)2004-07-07A2004-07-07F2
2003-11-04BBB+ (Positive)2003-11-04A2003-11-04F32020-04-10F1
2003-07-21BBB+ (Stable)2003-07-21A2003-07-21F32019-10-11F1
2001-07-17BBB (Positive)2001-07-17A2001-07-17F32019-04-12F1
2000-09-21BBB (Stable)2000-09-21A2000-09-21F32018-10-26F1
1998-06-29BBB1998-06-29A1998-06-29F32018-04-27F1
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative		Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery		SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative		P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC