Upgrade puts shine on Costa Rican government paper

Investors in Costa Rican government securities are expected to benefit from an upgrade in the nation's debt rating.

Monday, July 21, 2008

Standard & Poor's rating agency raised Costa Rica from BB "stable" to BB "positive". Although Costa Rica remains relatively vulnerable in meeting its short-term commitments, the trend is toward an improvement, it said.
The change is expected to lead to a greater return for those who have invested in government titles, and it will improve the government's ability to fulfill its near-term obligations.

More on this topic

S&P Upgrades Guatemala's Rating

September 2012

The promotion to "BB" rating with a stable outlook is based on better GDP growth and tax revenues.

From the press release:

Summary

We expect that the government of Guatemala will reduce fiscal deficits averaging 2.5% of GDP over the next three years, compared with previous estimates of over 3% of GDP.

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:

S & P Upgrades Honduras’ Risk Rating

June 2012

The rating agency Standard & Poor's has raised the rating of Honduras’ long term debt from "B" to "B +".

S & P raised its rating of Honduras’ long term debt from "B"to "B +" with a stable outlook, considering that the better political stability in the country is allowing its leaders to focus on the long term and implement reforms.

Fitch Affirms Costa Rica’s BB Rating

February 2010

Fitch affirmed Costa Rica’s long term risk ratings for foreign and domestic currency: ‘BB’ and ‘BB+’, respectively.

The Outlook on both ratings is Stable. Fitch has also affirmed Costa Rica's short-term foreign currency IDR at 'B' and the Country Ceiling at 'BB+'.

Costa Rica's ratings are supported by its high per capita income; a relatively diverse economy, which traditionally attracts sizeable foreign direct investment (FDI); and its net external creditor position. The ratings are constrained by a narrow fiscal revenue base, a comparatively weak monetary and exchange rate policy framework, and relatively low international liquidity indicators.

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