Sovereign Rating issued for Guatemala

Fitch Issues Report on Guatemala's Sovereign Ratings.

Thursday, August 7, 2008

Guatemala's ratings continue to be supported by a history of macro-economic stability, low public and foreign debt, and a solid track record on the repayment of the commercial debt.

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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:

Moody’s Raises Guatemala Credit Rating

June 2010

The rating agency raised its foreign currency government bond rating on Guatemala to Ba1 from Ba2.

In a statement, Moody’s said that the outlook on the ratings is stable. The Ba1 rating moves Guatemala one step away from investment grade.

“Moody's cited a stable macroeconomic environment supported by prudent fiscal and monetary policies.

Fitch has affirmed Guatemala's IDRs at BB+

July 2009

Fitch Ratings has affirmed Guatemala's local and foreign currency Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlooks on both ratings are Stable.

Guatemala's track record of macroeconomic stability, low public and external debt burdens, as well as the government's solid commercial debt repayment history continue to support the sovereign's ratings.

Guatemala Faces Four Risks

June 2009

Guatemala´s BB+ sovereign risk rating and stable perspective, which is so close to the desired “Investment Grade,” is facing four threats.

According to an article by C.Véliz and J. Gramajo in, Mauricio Choussy, the director of Fitch Central America, notes that four weaknesses persist in the country: “Low tax revenue, weak social indicators, social instability, and high levels of delinquency.”

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