BRIEF-S&P Says Lithuania Outlook Revised To Negative From Stable
BY Reuters | CORPORATE | 12/02/22 04:21 PM ESTDec 2 (Reuters) -
* S&P SAYS LITHUANIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON SPILLOVER EFFECTS FROM THE WAR; 'A+/A-1' RATINGS AFFIRMED
* S&P PROJECTS COUNTRY'S ECONOMY WILL FALL INTO RECESSION IN FIRST-HALF 2023 BEFORE RECOVERING IN SECOND HALF & GROWING ONLY 0.5% ANNUALLY
* S&P SAYS RUSSIA-UKRAINE WAR IS LIKELY TO BE PROTRACTED & COULD IMPOSE GREATER SECURITY & ECONOMIC COSTS ON A SMALL REGIONAL SOVEREIGN SUCH AS LITHUANIA
* S&P SAYS LITHUANIA'S FISCAL AND EXTERNAL POSITIONS HAVE SHIFTED INTO DEFICITS
* S&P ON LITHUANIA SAYS RUSSIA-UKRAINE WAR CONTINUES TO IMPOSE ECONOMIC, EXTERNAL, & FISCAL COSTS ON SMALL REGIONAL ECONOMIES, SUCH AS THAT OF LITHUANIA
* S&P SAYS PROJECT LITHUANIA'S CURRENT ACCOUNT TO RETURN TO DEFICITS IN 2022 AND REMAIN NEGATIVE OVER OF FORECAST HORIZON