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IPFS News Link • Economy - International

S&P downgrades Baltic States' Debt Ratings

08-11-2009 • Telegraph

Standards & Poor's, the credit-rating agency, cut Latvia's rating to "BB" and warned that its economy will contract by a further 16% this year. The public debt will vault from 19% of GDP last year to 80% by 2011.

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Reported By Jean Carbonneau

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S&P downgrades Baltic States' Debt Ratings

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