Honduras: Sovereign Debt Rating Not Improved

The ratings agencies Standard & Poor's and Moody's have left the sovereign debt rating of Honduras unchanged.

Tuesday, February 11, 2014

The rating agencies Standard & Poor's and Moody's have not changed the ratings of the sovereign debt of Honduras leaving it at Stable Negative B and B2 respectively, as reported for December 2013 by both agencies and published by the Central American Monetary Council (CMC).

Wilfredo Cerrato, Finance Secretary said that "the recent measures taken to improve spending and increase tax revenues should contribute to improving the country's risk rating."

"The incursion of Honduras in the international capital market, issuing $1 billion in the U.S. and Honduras in 2013, is also part of the aspects evaluated by Moody's Investor Service and Standard and Poor's to provide the debt ratings."

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