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Negative Outlook Confirmed for Costa RicaFriday, November 1, 2019 Fitch Ratings kept in B+ with a negative outlook, the sovereign debt rating, arguing that "the weaknesses in public finances are reflected and the political stagnation has prevented the timely approval of reforms that address these problems." The new fiscal rule has not been approved, and the Congressional authorization requirement for foreign loans periodically restricts Costa Rica's financial flexibility, is another of the risk qualifier's arguments. Costa Rica: Moody's Downgrades Debt OutlookWednesday, June 3, 2020 The rating agency decided to keep the long-term issuer's note at B2, but changed the risk outlook from stable to negative, arguing that there are greater risks to the country's financing due to increased borrowing requirements. The affirmation of Costa Rica's B2 rating takes into account the sovereign's levels of wealth above its peers and its dynamic economy. Fitch Ratings: Negative Outlook for PanamaThursday, February 4, 2021 Arguing that the pandemic has had a negative effect on the local economy and Panamanian public finances, Fitch Ratings downgraded the country's sovereign rating from BBB to BBB-. Regarding forecasts for 2021, the rating agency expects Panama to experience an economic recovery with a real growth of 9.2%, driven by the economic opening, public investment projects such as the construction of Metro Line 3, exports from the copper mine, and the recovery of domestic consumption. This growth trend is expected to be maintained by 2022, informed the Ministry of Economy and Finance of Panama (MEF). Costa Rica: S&P Confirms Risk RatingFriday, March 26, 2021 The rating agency decided to maintain at "B" the long-term and short-term local and foreign currency sovereign credit rating, with a negative outlook indicating the risk of a downgrade in case the Assembly does not approve an Extended Fund Facility or other policy measures. In the current scenario, covering the government's large financing needs may require resorting to the central bank or other non-conventional financing, highlights the rating agency's analysis. S&P Downgrades Panama's Risk RatingWednesday, November 25, 2020 Arguing that due to the pandemic the current revenues of the General Government have been significantly reduced, Standard and Poor's downgraded Panama's sovereign rating from BBB+ to BBB. The increase in total debt interest payments as a proportion of the General Government's current revenues is another factor that the rating agency considered when lowering Panama's rating. S&P Upgrades El Salvador's RatingWednesday, January 2, 2019 Standard & Poors raised the rating from CCC+/C to B-/B, with a stable outlook, arguing that in the next three years the fiscal deficit will be moderate, and its debt levels will remain unchanged. From the Standard & Poors report: Nicaragua Gets B+ Credit RatingThursday, December 17, 2015 The upward trend in economic growth, prudent fiscal policy and debt reduction explain the B + grade with a stable outlook given by Fitch Ratings. From the press release by Fitch Ratings: New Warning to Costa RicaFriday, November 16, 2018 Fitch Ratings reported that the country is under observation and for now maintains the rating at BB, awaiting what happens with the fiscal reform and the payment of government debt at the end of the year. Fitch Ratings, a U.S. risk rating agency, reported on November 15th that Costa Rica would be close to a sovereign rating downgrade because of the country's public finances situation. Slight Improvement in Honduras' Country RiskWednesday, May 13, 2015 Basing its decision on the progress being made in the economy in fiscal matters, Moody's has raised the outlook rating from positive to stable. From the press release by Moodys: Moody's Downgrades NicaraguaWednesday, February 19, 2020 Arguing that economic strength has weakened as a result of social tensions and is likely to leave a lasting negative impact, the rating agency reduced the country's credit risk rating from B2 to B3. "The risk of reduced access to official external credit is creating financing challenges and restricting the authorities' ability to support economic activity," the agency's report explains. Fitch Rates Guatemala at BB StableTuesday, May 3, 2016 Highlights include a long history of macroeconomic stability even during political crises, and authorities' commitment to fulfilling public debt obligations. From a statement issued by the Bank of Guatemala: Panama: Fitch Downgrades Risk OutlookFriday, February 7, 2020 The rating agency maintained BBB's long-term issuer default rating, but decided to change the risk outlook from stable to negative, arguing that the debt burden will continue to increase in 2020. KEY RATING DRIVERSThe revision of Panama's Outlook to Negative reflects a marked deterioration in fiscal deficits and a significant increase of the government's debt burden, related to accumulation of arrears by previous administration and higher fiscal deficit targets under the modified Fiscal Responsibility Law. In addition, the recent greater-than-anticipated growth deceleration creates additional challenges for fiscal consolidation. Guatemala: S&P Confirms Risk RatingThursday, December 5, 2019 Arguing that continuity in economic policies is expected after the change of administration in January 2020, Standard & Poor's maintained the country's credit risk rating at BB-. From S&P report: 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. Fitch Downgrades Mexico to 'BBB'Tuesday, November 24, 2009 Fitch downgraded Mexico's Issuer Default Rating (IDR) from 'BBB+' to 'BBB' in foreign currency and from 'A-' to 'BBB+' in domestic currency. Both ratings have a 'Stable' outlook. Additionally, the country's ceiling was reduced to 'A-' from 'A'. |
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Saturday, July 2, 2022 - last update: Tuesday, 5:45 pm
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