TITLE

An improving credit

PUB. DATE
March 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p12
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that favorable credit rating assessments and an oversubscribed government bond confirm the positive economic outlook. Markets gave Lithuania the thumbs-up in early February by snapping up the government's latest eurobond offering at a record low spread for an EU accession country. The government's improving creditworthiness was earlier confirmed by Standard & Poor's, which revised the long-term outlook on the government's A-local-and foreign currency ratings to positive, from stable. Lithuania's credit story has improved steadily since the late 1990s as sound macroeconomic management and structural reforms have reduced volatility and made the economy more resilient.
ACCESSION #
16590071

 

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