Guatemala: Risk Rating Mandatory for Banks
Friday, November 7, 2014
In order to improve risk management in the banking system, from the second half of 2015, all entities must have an official credit rating.
This initiative comes in response to article 58 of the...
Rise in Sovereign Bond Price in Costa Rica
Wednesday, October 29, 2014
Although they have recovered the upward trend seen before Moody's withdrew the investment grade rating, they still have not returned to the pre-announcement levels.
Prices of Costa Rican debt securities increased between...
Future of Panama's Risk Rating
Tuesday, October 7, 2014
Fitch Ratings highlighted as a recurrent weakness of the Panamanian fiscal policy the inability to limit the growth of debt as a percentage of GDP.
From the statement by Fitch Ratings:
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,...
End of Macroeconomic Stability in Guatemala?
Thursday, September 11, 2014
Increased borrowing costs, a disincentive to foreign investment and distrust of economic performance, are part of the expected scenario if public debt growth is not controlled.
Prensalibre.com reports that "... The draft budget for...
Fiscal Deficit Takes a Toll on Costa Rica
Wednesday, September 10, 2014
The risk premium demanded by investors for the Costa Rican international bond due in 2023 rose from 2.10% to 2.56% between June and September 2014.
Investors could be moving towards a degradation of the...
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...
Costa Rica: Investment Grade at Risk
Tuesday, September 2, 2014
The lack of long-term solutions for reducing the fiscal deficit and improving the structure of public spending threaten the investment grade rating given by Moody's in 2010.
Economist and former president of the Central Bank,...
El Salvador: Negative Outlook Rating Kept
Friday, July 11, 2014
Fitch Ratings has maintained its BB-rating but noted prevailing structural weaknesses such as low competitiveness, crime, weak human capital and the high cost of energy.
From a press release issued by Fitch Ratings:
Fitch Downgrades Guatemala's Ratings to 'BB'
Friday, June 20, 2014
Fitch has also downgraded the issue ratings on Guatemala's senior unsecured foreign and local currency bonds to 'BB' from 'BB+', with outlook revised to Stable.
From the press release by Fitch Ratings: