BondTerminal

Latvia — Sovereign Signal

BT-SFS 60.1/100 · A− · 88 bps over Treasuries

Score and market snapshot

Latvia trades 24 bps tight of its fundamentals fit (fitted spread 112 bps).

BT-SFS release bt-sfs-v0-4-imf-interest-2026-06-27 · market data 2026-06-25
FieldValue
BT-SFS score60.1 / 100
Rank14 of 51
Composite ratingA−
Agency ratingsMoody's A3 · S&P A · Fitch A-
Benchmark USD bondLATVIA 5.125 34
Spread over Treasuries88 bps
Yield to worst5.03%
Duration6.4y

Pillar scores

PillarScore (0-100)
Fiscal61.0
External13.3
Macro75.0
Institutions93.8

The nine metrics behind the score

MetricPillarRaw valueScoreSourceYear
Current account / GDPExternal-3.6%25.0IMF2026
International reserves, months of importsExternal1.8 mo4.4World Bank2024
General government debt / GDPFiscal47.4%70.8IMF2026
Interest expense / revenueFiscal3.0%87.5IMF2026
Primary balance / GDPFiscal-2.1%18.8IMF2026
WGI institutional compositeInstitutions0.8993.8WGI composite2024
Real GDP growthMacro2.2%25.0IMF2026
GDP per capita, USDMacro$28,91391.7IMF2026
Inflation stressMacro3.0%100.0IMF2026

Score history

Applying the current methodology to historical sources, Latvia moves from 71.4 in 2016 to 60.1 in 2026 (-11.3 points over ten years).

Default and restructuring registry

No bond default or restructuring events in the registry window.

Frequently asked questions

What is Latvia's sovereign credit score?
Latvia scores 60.1/100 on the BT Sovereign Fundamentals Score, ranking 14 of 51 sovereigns covered. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Latvia USD bond does BondTerminal track?
LATVIA 5.125 34 (ISIN XS2829701718), the near-5-year USD benchmark, currently 88 bps over Treasuries with a 5.03% yield to worst.
Is Latvia trading wide or tight of its fundamentals?
Latvia trades 24 bps tight of its fundamentals fit (fitted spread 112 bps).

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