London-based ratings agency Fitch on Wednesday downgraded the EU Baltic states Estonia, Latvia and Lithuania, citing their sliding economic situation. Fitch said it had cut Estonia's long-term foreign currency issuer default rating to BBB+ from A-, Latvia's to BB+ from BBB-, and Lithuania's to BBB from BBB+, and maintained its negative outlook for all three.
Fitch Puts Georgia's Long-Term Ratings On Watch For Downgrade
Fitch Ratings put Georgia's long-term foreign and local currency issuer default ratings on watch for possible downgrade, saying rising domestic political tensions make it difficult for authorities to boost confidence and rebalance the economy following last year's war with Russia and amid the global financial crisis.
US declines to take position on Georgia protests
WASHINGTON (AFP) — The United States on Friday refrained from comment on calls from Georgia's opposition for President Mikheil Saakashvili to resign.
Saakashvili, a strong ally of the administration of former president George W. Bush, is facing protests outside his office by thousands of enraged demonstrators and calls for civil disobedience across the Georgian capital Tbilisi.