Finance loans Economics bank credit Banking economic crisis financial crisis loan delinquency access to credit Banks Bernardo Alfaro Capital Markets Mauricio Choussy Rafael Barraza Superintendent of Financial Institutions (Costa Rica)

Fitch: The worse part of the crisis has still not arrived to El Salvador

Fitch warns that credit restrictions will stop private investment and, with that, economic activity will decline.

Thursday, February 19, 2009

Elsalvador.com publishes in its website: "The executive director of the risk assessors, Fitch Ratings, Mauricio Choussy, calculated that the crisis will have a transfer delay of some three quarters from the United States to the Central American region, a forecast that was confirmed by the former minister of the Salvadorian Economy, Yolanda de Gavidia, ´I believe that El Salvador has not yet felt the worse part and my perception is that it is going to be in the upcoming second semester that we are going to feel it,´ she affirmed."

Source: elsalvador.com

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