High Pressure On Finances

May 2009
Emerging Europe Monitor: Central Europe & Baltic States;May2009, Vol. 16 Issue 5, p12
Country Report
The article deals with the decision of Standard & Poor's (S&P) to downgrade the sovereign credit rating of Lithuania. The ratings agency downgraded the country's long and short term sovereign credit rating to BBB/A3 from BBB+/A2. Although the country is committed to pay credentials, analysts are concerned that the government's ability to pay will come under increasing pressure.


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