Latvian bank ratings

A credit rating is an evaluation of the credit worthiness of a debtor, especially a business or a government, but not individual consumers. The evaluation is made by a credit rating agency.

Credit Ratings for Latvia:
Fitch BBB+ (good credit quality, outlook stable)
Moody's Baa2 (lower medium grade, outlook positive)
S&P BBB+ (lower medium grade)

Financial institution rating companies

Moody's, S&P and Fitch's rating systems.

Moody's rating scale

Investment grade: Aaa, Aa1, Aa2, Aa3, A1, A2, A3, Baa1, Baa2, Baa3
Speculative grade: Ba1, Ba2, Ba3, B1, B2, B3, Caa1, Caa2, Caa3, Ca, C

Moody's Investors Service is the bond credit rating business. Moody's provides international financial research on bonds. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several market segments related to public and commercial securities in the bond market.

S&P rating scale

Investment grade: AAA, AA+, AA, AA-, A+, A, A-, BBB
Non-investment grade: BB, B, CCC, CC, C, R, SD, D, NR

Standard & Poor's Financial Services LLC (S&P) is an American financial services company. It is a division of McGraw Hill Financial that publishes financial research and analysis on stocks and bonds. S&P is known for its stock market indices.

Fitch's rating scale

Investment grade: AAA, AA, A, BBB
Speculative grade: BB, B, CCC, CC, C, D, NR

Fitch Ratings Inc. is a jointly owned subsidiary of Hearst Corporation and FIMALAC SA.