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,...
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...
Request for Tax Rise in Guatemala
Friday, June 6, 2014
The president of the Bank of Guatemala has stated that in order to sustain the fiscal debt, the tax burden in the Guatemalan economy will have to rise from 11% today to 14%.
An article on Lahora.com.gt reports that, Edgar...
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:
Honduras: Sovereign Debt Rating Not Improved
Tuesday, February 11, 2014
The ratings agencies Standard & Poor's and Moody's have left the sovereign debt rating of Honduras unchanged.
The rating agencies Standard & Poor's and Moody's have...
El Salvador's Debt Rating Could Be Lowered
Friday, December 13, 2013
Fitch Ratings considers to reduce the sovereign debt rating if economic growth is not strengthened.
In the "Outlook 2014: Latin America Sovereign Debts"...
Nicaragua Asks For Improved Country Risk Rating
Thursday, November 14, 2013
International rating agencies have not recognized the substantial improvement in macroeconomic indicators in recent years.
A contradiction between the "B-" awarded to the country...
Moody's Sets Negative Outlook for Costa Rican Debt
Wednesday, September 25, 2013
The rating agency's reason for the change from stable to negative is the increasing public debt and lack of fiscal reform.
Moody's believes that the country has not been able to...
Bank of El Salvador Suffers From Increased Country Risk
Friday, August 9, 2013
In mid-July Fitch Ratings downgraded to El Salvador from "BB" to "BB-" and only a day later downgraded the rating for the Banco Agrícola from "BBB-" to "BB +" and that of Davivienda from "BB to BB-" .
The downgrading of the country by international rating...