Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative Nicaragua: Risk Rating Continues So FarTuesday, November 12, 2019 Standard & Poor's warned that if in the coming months the political environment worsens or access to local and external financing deteriorates again, the debt note could suffer further deterioration. Fitch Publishes El Salvador's Sovereign RatingThursday, September 9, 2010 Fitch Ratings has recently confirmed that the country's local and foreign currency risk classification as 'BB', with Outlook Negative. El Salvador's main credit weaknesses include its comparatively slow GDP growth, a narrow income base and rigid fiscal policy, particularly apparent in the light of the country's vulnerability to the US economic slowdown and corresponding drop in capital movement. Guatemala: Glass Half Full or Half Empty?Monday, August 16, 2010 The country's macroeconomic strength contrasts with its credit weakness and low tax base, which Fitch Ratings believe keep its ratings below investment grade. Fitch Ratings recently affirmed Guatemala's local and foreign currency Issuer Default Ratings as BB+. The main positive factors contributing to this risk evaluation are its history of macroeconomic stability and debt repayment combined with low debt burden. 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: 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'. Investment Risk Grade in Costa RicaThursday, April 24, 2014 According to Moody's, the country's credit rating does not reflect the current conditions of the economy, highlighting in particular the unsustainability of the fiscal deficit. Costa Rica is running out of time to solve its high public spending problems and stop the budget deficit from continuing to grow the way it has been doing up until now. Fitch Downgrades Guatemala's Ratings to 'BB'Friday, June 20, 2014 Fitch has also downgraded the issue ratings on Guatemala's senior unsecured foreign and local currency bonds to 'BB' from 'BB+', with outlook revised to Stable. From the press release by Fitch Ratings: 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: S&P Confirms Nicaragua's Debt RatingThursday, February 22, 2018 Standard & Poor's has maintained the rating of B+ for long-term sovereign debt, arguing that economic growth is stable and the burden of public debt remains moderate. From a statement issued by Standard & Poor's: Companies and Banks Opposed to Increasing External DebtFriday, April 24, 2009 The Monetary Authority of Guatemala decided, against the vote of banking representatives and private enterprise sectors, to increase debt through issuance by 10.9%. The main argument by the opposition is that the solution to the problems in the treasury is to reduce state spending, not increase debt. They insist that the money that is going to cover state expenditures in this manner should be invested to facilitate credit for the productive sector, which has suffered a sharp decline. 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. S&P Downgrades NicaraguaMonday, November 12, 2018 Arguing that the country's fiscal and financial profiles have weakened, Standard & Poor´s downgraded from B to B- the negative outlook for Nicaragua's foreign currency debt. The negative outlook reflects a greater than one of every three probabilities of a downgrade in the next 12 months because of possible additional pressure on the balance of payments or the domestic financial system in dollar terms, given the government's limited foreign exchange financing options. El Salvador: Debt Rating ConfirmedThursday, June 14, 2018 Fitch Ratings has kept the debt rating in foreign currency at "B-", arguing that political tension has been reduced following the pension reform approved in October last year and the budget passed in January of this year. Fitch Ratings-New York-13 June 2018: Fitch Ratings has affirmed El Salvador's long-term, foreign-currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Guatemalan Debt Rating ConfirmedMonday, June 18, 2018 Citing a long history of fiscal and monetary policy characterized by prudent management, the rating agency Moody's maintained the country's credit risk rating in Ba1. From a statement issued by the Bank of Guatemala: |
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