TEXT-Fitch rates Latvia's USD1.25bn 2020 notes 'BBB'

Fri Dec 7, 2012 5:15am EST

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(The following statement was released by the rating agency)

Dec 07 - Fitch Ratings has assigned Latvia's USD1.25bn bond, due 12 January 2020 a 'BBB' rating. The bond has a coupon of 2.75%. The rating is in line with Latvia's 'BBB' Long-term foreign currency Issuer Default Rating (IDR), on which the Outlook is Positive.

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