Saturday, April 11, 2009

The Falling Ratings in the Baltics and Georgia

Fitch cuts Estonia, Latvia and Lithuania ratings

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.


AmericanExceptionalism said...


From reading your posts, one would get the sense that you know Palin or at least some people in her administration fairly well. Why not drop off your proposal that she initiate trade relationships with the Baltics? Your idea sounds like it has merit...

Tom said...

It will have to come from people that have worked with Bush.

He made promises to the Baltics when he went to Riga for the summit.

He kept the promises.

It's beyond my pay scale. (smile)