In the media: Morten Hansen on some good fiscal news
Morten Hansen is Head of the Economics Department at SSE Riga and adds to the economic-political debate in Latvia through his columns at the independent Latvian magazine IR.
Morten Hansen writes:
"On 12 March I had my (so far) last official meeting involving other people in the same room as myself. The Fiscal Discipline Council met with the ratings agency, Fitch. Or “met” since the Fitch representatives participated via a link from London.
As always, these ratings agency people talk to a wide selection of institutions: Central Bank Ministry of Finance, commercial banks and what have you and their verdict in the form of a short report was published just a few days ago. Latvia keeps its rating at A- with the outlook changed from stable to negative, which, given the circumstances, should be seen as major endorsement by Fitch."