Moody's Downgrades Risk Rating to Costa RicaThursday, December 6, 2018 The rating agency reduced the long-term and senior unsecured bond issuer ratings of the Costa Rican government from Ba2 to Ba1 and changed the outlook to negative. According to Moody's, among the main factors behind the decline is the continued and projected worsening of debt metrics in the back of large deficits despite fiscal consolidation efforts. Threats to Risk RatingTuesday, July 23, 2019 Institutional problems and lower levels of economic growth compared to other countries with the same risk rating, could cause in the future a degradation of Guatemala's debt rating. Although in its last evaluation Moody's decided to keep Guatemala's credit rating at Ba1 with a stable outlook, arguing that the economy reports stable growth, and that a prudent management of monetary and fiscal policy has been made, there are some threats for the rating to degrade. Investment Grade for State-owned Electric PlantTuesday, April 2, 2019 Moody's assigned to Empresa de Transmisión Eléctrica de Panamá a Baa1 issuer rating, arguing that it reflects key credit strengths and is the only electricity transmission company in the country. Gilberto Ferrari, general manager of Empresa de Transmisión Eléctrica (Etesa) explained to Panamaamerica.com.pa that "... This qualification is one of the most important milestones in the history of the company and the energy sector of our country. Analysis of Financial Sector in Central AmericaMonday, August 11, 2014 For the last four years the loan portfolio of the Salvadoran financial system has been growing at an average rate of 3.5%, below the 11% growth average in the rest of the region. A report produced by the rating agency Moody's notes that growth in El Salvador's financial sector has been stagnant since 2010, as the total loan portfolio has not achieved growth rates above 3.5% per year. The Waked Case In PerspectiveMonday, May 9, 2016 The identification of Grupo Waked in a money laundering network could result in significant changes in the representations of brands marketed in the country. An article on Prensa.com cites Jorge Garcia Icaza, president of the Chamber of Commerce, Industries and Agriculture of Panama, who emphasized that restraint should excerised when dealing with the case in order to minimize damage which it is estimated could be caused, especially in relation to jobs in the companies under question. Funding for Wind Project Confirmed in NicaraguaFriday, November 12, 2010 AEI Centrans Energy Services, Inc. and Wind Energy of Nicaragua SA, announced funding for Phase II of the Amayo park. The $ 45 million facilities feature a 15-year loan provided by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI). Panamanian Banking Semi-annual AnalysisThursday, October 1, 2009 A report by risk rating company Equilibrium (Moody's), analyzes the sector's main indicators for the first half of 2009. Assets and Loan Portfolio Panama's Risk Rating ImprovesMonday, March 11, 2019 Arguing that the outlook remains more positive in the medium term, Moody's upgraded its foreign currency long-term issuer rating from Baa2 to Baa1. For the rating agency, Panama will continue to grow quickly, surpassing the growth achieved by the majority of qualified pairs in Baa. Hostile Outlook for Central American BankingFriday, September 16, 2016 Moody's warns of the risks faced by banks in Central America in the context of a rising trend in interest rates and dollarization of their loan portfolios. From a report by Moody's: Guatemala: CICIG's Withdrawal ImpactThursday, January 10, 2019 For Moody's, the withdrawal of the International Commission against Impunity weakens efforts to improve the rule of law in a country with high levels of corruption. For Moody's, President Morales' decision to end the mandate of the International Commission against Impunity in Guatemala (CICIG) is a setback for the country because corruption is still widespread and institutions are still fragile. Negative Outlook for Panama's DebtWednesday, October 21, 2020 Based on the argument that there is no significant fiscal consolidation and sustained economic recovery, the rating agency decided to downgrade the government's long-term issuer rating perspective from stable to negative. Although the outlook was modified, Moody's decided to maintain the long-term issuer and senior unsecured debt ratings at Baa1. Another Bad Rating for NicaraguaFriday, June 15, 2018 Moody's has changed the rating outlook from positive to stable, citing the economic impact of the rupture of the consensus model for a national dialogue. From a statement issued by Moody's: Risk Rating and Investment AttractionTuesday, March 19, 2019 The latest risk ratings for the issuance of long-term debt of Central American economies identify Panama as the most attractive country to invest in. On March 8, Moody's decided to raise its long-term issuer rating in foreign currency from Baa2 to Baa1, arguing that the outlook remains more favorable in the medium term. Credit Grows Slowly in NicaraguaMonday, April 4, 2011 Private sector loans dropped $31 million in February. The Central Bank of Nicaragua believes this happens because banks are much more cautions when lending. The Cost of Being a "High Risk" CountryMonday, February 25, 2019 The inclusion of Panama in the list of high-risk countries with strategic deficiencies in the battle against money laundering and terrorism would increase the operating costs of foreign banks in the country. A few days ago, the European Commission included the Central American country in a list of 23 nations classified as territories with lax measures and controls against money laundering and financing of terrorism. |
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