S&P changes Guatemala view to positive

S&P said it revised its outlook on the long-term ratings on Guatemala to positive from stable and affirmed the BB-/B foreign currency and BB/B local currency sovereign credit ratings.

“The positive outlook reflects our expectation that economic growth will continue amid global volatility and the run-up to the 2023 general elections, with the potential to gradually address long-standing social needs and infrastructure gaps,” S&P said in a news release.

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