NEW YORK, March 15 Moody's Investors Service upgraded Latvia's government bond rating one notch to Baa2 on Friday citing a strong, resilient and balanced economic recovery plus improvement's in its public debt profile.
The outlook on the credit rating is positive, Moody's said in a statement.
"Growth has been resilient to the euro area crisis, led by a robust rise in exports fueled by the economy's increased competitiveness, and a recovery in domestic demand," Moody's said.
Allianz expects loss of around $224 million from sale of OLB
FRANKFURT, June 25 German insurer Allianz expects to book a loss of around 200 million euros ($224 million) from the sale of private bank Oldenburgische Landesbank to U.S. private equity firm Apollo, it said on Sunday.