Guatemala risk rating stays at BB+: Fitch
Fitch Ratings has pointed to Guatemala's macroeconomic stability and the low level of public debt to give the country an overall country risk rating of BB+, with outlook stable.
Friday, June 27, 2008
But it said the credit area was weak, citing factors such as low rates of tax collection, high levels of poverty and inequality, and precarious social and governability indicators. The credit rating given was BBB-.
The agency has affirmed the international rating of Guatemala as 'BB +' with Stable Outlook.
Guatemala´s BB+ sovereign risk rating and stable perspective, which is so close to the desired “Investment Grade,” is facing four threats.
Fitch Ratings has affirmed Guatemala's local and foreign currency Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlooks on both ratings are Stable.
Fitch affirmed Costa Rica’s long term risk ratings for foreign and domestic currency: ‘BB’ and ‘BB+’, respectively.
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