Fitch observes El Salvador ratings

Fitch Ratings said it placed El Salvador’s long-term foreign- and local-currency issuer default ratings under criteria observation following the conversion of the agency’s “Exposure Draft: Sovereign Rating Criteria to final criteria.”

“Fitch will resolve the UCO status within six months. The outcomes will depend on Fitch's assessment of the appropriate notching based on the new criteria. Not all issuers on UCO will have a rating change upon resolution,” the agency said in a press release.

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