Costa Rica Loses Investment Grade
Tuesday, September 16, 2014
Moody's has removed the country's rating of "investment grade", citing the increase in public spending and political inability to implement fiscal reform.
From a statement by Moody's:
New York, September 16,...
End of Macroeconomic Stability in Guatemala?
Thursday, September 11, 2014
Increased borrowing costs, a disincentive to foreign investment and distrust of economic performance, are part of the expected scenario if public debt growth is not controlled.
Prensalibre.com reports that "... The draft budget for...
Fiscal Deficit Takes a Toll on Costa Rica
Wednesday, September 10, 2014
The risk premium demanded by investors for the Costa Rican international bond due in 2023 rose from 2.10% to 2.56% between June and September 2014.
Investors could be moving towards a degradation of the...
Fitch Warns Over Costa Rica's Fiscal Deficit
Thursday, September 4, 2014
The draft state budget for 2015 contains imbalances that will deepen the deficit, taking it to a record 6.7% of GDP.
The persistence of high fiscal deficit, a faster...
Costa Rica: Investment Grade at Risk
Tuesday, September 2, 2014
The lack of long-term solutions for reducing the fiscal deficit and improving the structure of public spending threaten the investment grade rating given by Moody's in 2010.
Economist and former president of the Central Bank,...
El Salvador: Negative Outlook Rating Kept
Friday, July 11, 2014
Fitch Ratings has maintained its BB-rating but noted prevailing structural weaknesses such as low competitiveness, crime, weak human capital and the high cost of energy.
From a press release issued by Fitch Ratings:
Fitch Downgrades Guatemala's Ratings to 'BB'
Friday, June 20, 2014
Fitch has also downgraded the issue ratings on Guatemala's senior unsecured foreign and local currency bonds to 'BB' from 'BB+', with outlook revised to Stable.
From the press release by Fitch Ratings:
Honduras: Obstacles to Improving Credit Rating
Friday, May 2, 2014
According to Moody's, credit profiles remain constrained by the rigidity in spending, low levels of government revenue and the deterioration of the cost of financing with debt.
From a press release issued by Moody's:
Future of Petrocaribe at Risk
Friday, April 25, 2014
Moody's is warning that countries with oil deals with Venezuela face risks if this country reduces or eliminates its financial support to the block.
A report by the rating agency notes that "In the...
Investment Risk Grade in Costa Rica
Thursday, April 24, 2014
According to Moody's, the country's credit rating does not reflect the current conditions of the economy, highlighting in particular the unsustainability of the fiscal deficit.
Costa Rica is running out of time to solve its high...