Fitch: El Salvador outlook still negative

Fitch Ratings said it has affirmed El Salvador's long-term foreign and local currency issuer default ratings at BB-

Fitch has also affirmed the issue ratings on El Salvador's senior unsecured foreign and local currency bonds at BB-.

The outlook on the long-term issuer default ratings is negative.

In addition, the agency said it has affirmed El Salvador's country ceiling at BB and short-term foreign currency issuer default rating at B.

El Salvador's ratings are supported by its macroeconomic stability underpinned by dollarization, its adequately capitalized financial system and solid repayment record, Fitch said.

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