Moody's Cuts Lithuania's Debt Rating To Baa1.

BLOOMBERG/
Lithuania, suffering the European Union’s deepest recession, had its foreign and local-currency debt ratings cut by Moody’s, which cited “severe pressure” on the budget.
"The ratings were lowered one level to Baa1, the THIRD-LOWEST investment grade. They have a negative outlook, meaning the grades, the same level as Hungary’s, Russia’s or Thailand’s, are more likely to be lowered than raised or kept unchanged."