Current Latvia credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's A+ negative 7 Dec 2022 outlook downgrade
Moody's Investors Service A3 - 13 Feb 2015 rating upgrade
Fitch Ratings A- positive 31 Jul 2023 outlook upgrade
DBRS A - 22 Nov 2021 rating upgrade

Latvia: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR

Latvia Credit Ratings historical data

Timetable of Latvia credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
31 Jul 2023 A-
7 Dec 2022 A+
22 Nov 2021 A
24 May 2021 A (low)
10 Oct 2020 A-
23 May 2020 A (low)
11 Apr 2020 A-
22 Feb 2020 A+
25 May 2019 A (low)
22 Sep 2018 A
22 Sep 2017 A-
30 Jun 2017 A (low)
13 Feb 2015 A3
20 Jun 2014 A-
30 May 2014 A-
13 Dec 2013 BBB+
9 Jul 2013 BBB+
13 Jun 2013 Baa1
10 Jun 2013 BBB+
15 Mar 2013 Baa2
13 Nov 2012 BBB
9 Nov 2012 BBB
2 May 2012 BBB-
13 Dec 2011 BBB-
6 Jun 2011 Baa3
15 Mar 2011 BBB-
9 Mar 2011 BB+
7 Dec 2010 BB+
3 Sep 2010 BB+
31 Mar 2010 Baa3
12 Feb 2010 BB
10 Aug 2009 BB
23 Apr 2009 Baa3
8 Apr 2009 BB+
24 Feb 2009 BB+
7 Jan 2009 Baa1
12 Nov 2008 BBB-
7 Nov 2008 A3
27 Oct 2008 BBB
3 Oct 2008 BBB
25 Sep 2008 A2
31 Jan 2008 BBB+
12 Sep 2007 A2
17 Aug 2007 BBB+
17 May 2007 BBB+
5 Apr 2007 A-
19 Feb 2007 A-
9 Mar 2006 A2
26 Aug 2005 A-
29 Jul 2004 A-
7 Jul 2004 A-
4 Nov 2003 BBB+
29 Jul 2003 BBB+
21 Jul 2003 BBB+
12 Nov 2002 A2
20 Aug 2002 BBB+
9 Aug 2001 BBB
17 Jul 2001 BBB
29 Jun 1998 BBB
17 Dec 1997 Baa2
16 Jan 1997 BBB

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