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.
The new government of El Salvador faces a difficult economic reality
El Salvador elected a new president on March 15. Mauricio Funes of theFMLN party will take the presidency in what appears to be a difficult adjustment period for the global economy and particularly for El Salvador because it will have to face a disproportionate impact from the US recession and narrow external liquidity conditions.
This special report examines the channels through which Fitch-rated sovereigns in this sub-region could be impacted by external shocks, the robustness of their
various policy frameworks and the implications for creditworthiness of
increasingly challenging international conditions.
Represents the Company RTS INTERNATIONAL, Inc. of Kansas Cyty, TX, USA, for the territory of Guatemala and Central America. RTS finance exports through Factoring system.
Operates in Guatemala
Phone: (502) 2369 5408 - (502) 5709 2986
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467