On 22 June 2011 Moody’s Investors Service confirmed the State-owned JCS Mortgage and Land Bank of Latvia (Mortgage Bank) long-term foreign currency deposit rating at Baa3, the short-term rating at Prime-3 and financial strength rating at E+, the outlook on all the ratings is stable.
As a positive aspect in keeping long-term foreign currency deposit rating at the same level Moody’s notes the fact that the Mortgage bank is wholly owned by the Latvian government and the Mortgage bank’s role as a contributor of state funds to the SME sector.
Sandra Eglīte
PR Officer of Mortgage Bank
sandra.eglite@hipo.lv
telephone: +371 67774244, +371 26577810
www.hipo.lv