23 February 2018
VilNews has its own Google archive! Type a word in the above search box to find any article.

You can also follow us on Facebook. We have two different pages. Click to open and join.
VilNews Notes & Photos
For messages, pictures, news & information
VilNews Forum
For opinions and discussions
Click on the buttons to open and read each of VilNews' 18 sub-sections

Lithuania remains
BBB rated by S&P


Lithuania’s sovereign credit rating was this week affirmed by Standard & Poor’s (S&P), which cited the nation’s commitment to budget policies that promote sustainable economic growth.

S&P kept its stable outlook on Lithuania’s BBB rating, its second-lowest investment grade, on par with Russia and Bulgaria.

“The Lithuanian government has made significant progress in consolidating the public finances,” the ratings company said. “We expect fiscal deficits to continue declining over the medium term and for consolidation efforts to be helped by a forecast return to strong economic growth.”

Lithuania plans to narrow this year’s budget deficit to within 3 percent of gross domestic product from 5.5 percent in 2011. After expanding 5.9 percent last year, the economy will grow 3 percent in 2012, the central bank predicts.

The yield on Lithuania’s 2022 dollar bond fell 4 basis points to 4.15 percent as of 1:25 p.m. in Vilnius.

There are “significant risks” that this year’s fiscal shortfall will be “marginally” higher than the government’s target after the first-half deficit reached about 2.4 percent of full-year estimated GDP, S&P said.

“Fiscal prudence is particularly important for Lithuania as its currency board affords it no meaningful monetary or exchange rate flexibility,” it said.

S&P, which also raised the country’s short-term foreign and local currency rating to A-2 from A-3, warned that rising gas and heating prices may spur price growth, hindering plans to meet inflation criteria for euro adoption.

“Whatever the case, we believe that Lithuania’s authorities may hesitate to apply for euro-zone membership for as long as the economic and debt crises in the euro zone persist,” the ratings company said.


Category : Business, economy, investments / Featured black

VilNews e-magazine is published in Vilnius, Lithuania. Editor-in-Chief: Mr. Aage Myhre. Inquires to the
Code of Ethics: See Section 2 – about VilNewsVilNews  is not responsible for content on external links/web pages.
All content is copyrighted © 2011. UAB ‘VilNews’.

مبلمان اداری صندلی مدیریتی صندلی اداری میز اداری وبلاگدهی فروشگاه اینترنتی گن لاغری شکم بند لاغری تبلیغات کلیکی آموزش زبان انگلیسی پاراگلایدر ساخت وبلاگ بوی دهان بوی بد دهان