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View Full Version : Latvia’s Rating Cut to Junk by S&P as Outlook Worsens - Bloomberg



NewsWhore
02-24-2009, 11:10 AM
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Latvia’s Rating Cut to Junk by S&P as Outlook Worsens (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaMlX2kpuzQ2g%26refer%3Deurope&cid=0&ei=bBykSf38EaOQmAfHupyMCw&usg=AFQjCNF7sz_zxxETfiO9RFfPnx9QNBhw4A)
Bloomberg
“The S&P decision just reinforces the choice between falling wages or devaluation of the currency. They are saying the country is on the wrong track.” The cost of insuring Latvian debt against default jumped. Credit-default swaps on government debt ...


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