Guatemala

Bonds remain stable at BB+ rating

08-Aug-2012

On 2 August 2012, Fitch Ratings reaffirmed the stable debt rating of BB+ granted to Guatemala in May 2012 during the issuing of bonds worth US$700 million. The rating agency cited the country’s macroeconomic stability, its excellent payment records, and its relatively low debt compared to other countries with similar qualifications as elements that changed the outlook from negative to stable. However, Fitch notes that the country’s credit rating is limited by weak social indicators, high crime, and low savings and investment rates, which impact its long-term development.

 

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