Moody’s: El Salvador view to negative

Moody's Investors Service said it affirmed El Salvador's Ba3 foreign currency issuer and senior unsecured ratings and changed the outlook to negative from stable.

Moody’s said the negative outlook reflects the limited ability of the authorities to arrest the upward trend in government debt amid persistently high fiscal deficits and low economic growth. Growth, fiscal balance and government debt metrics are now weaker relative to peers in the Ba category.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.