Fitch Lowers El Salvador’s Rating from “BB+” to “BB”

Fitch Ratings lowered the sovereign risk score signaling a slowdown in investments due to political and economic uncertainty.

Friday, June 19, 2009


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The agency, which classifies risk for foreign investment, added to its report that the perspective for the rating is negative.

Reporters Mariana Belloso and Irene Valiente wrote for Laprensagrafica.com: “Fitch predicts that El Salvador’s economy will shrink by 2.5% in 2009, and runs the risk of shrinking even more." Fitch claims that, “Optimism about growth has been reduced to the point that potential investments have been postponed because of political and economic uncertainty.” According to the firm, there will be no economic growth at all next year, and it will potentially grow by just 1% in 2011.”

More on this topic

Fitch Ratings Affirms Rating of BB + for Guatemala

August 2012

The agency has affirmed the international rating of Guatemala as 'BB +' with Stable Outlook.

From a statement by Fitch Ratings:

Fitch Ratings-New York-31 July 2012: Fitch Ratings has affirmed the issuer default rating (IDR) and the Country Ceiling for Guatemala as follows:

Guatemala Faces Four Risks

June 2009

Guatemala´s BB+ sovereign risk rating and stable perspective, which is so close to the desired “Investment Grade,” is facing four threats.

According to an article by C.Véliz and J. Gramajo in Sigloxxi.com, Mauricio Choussy, the director of Fitch Central America, notes that four weaknesses persist in the country: “Low tax revenue, weak social indicators, social instability, and high levels of delinquency.”

Fitch Lowers Rating Outlook for El Salvador

July 2012

Fitch Ratings has downgraded the economic perspective of the rating, making it negative outlook BB.

From the press release by Fitch Ratings:

Fitch Ratings - New York - July 24, 2012: Fitch Ratings affirms its ratings for El Salvador as follows:
- Long-Term Ratings (IDR) in foreign currency and local currency 'BB';

Fitch lowers AES El Salvador's rating

June 2008

Fitch Ratings has lowered the investment rating of the electical distribution company AES El Salvador from BBB- to BB+.

The ratings company said it downgraded the company because changes in the regulatory system have negatively affected its EBITDA and its profitability.
EBITDA refers to the relationship between debt and cash flow of a company.

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