Fitch turns Guatemala view to positive

Fitch Ratings said it revised Guatemala's outlook to positive from stable, and affirmed its long-term foreign-and local-currency issuer default ratings at BB-.

“The outlook revision to positive reflects better than expected fiscal performance, driven by strong economic recovery and structural improvements in tax collection. Fitch expects that the combination of modest deficits and strong economic growth will keep the debt-to-GDP ratio at low levels, even in a less favorable external environment. Current account surpluses starting in 2016 have pushed international reserves up, improving already strong external liquidity,” the agency said in a press release.

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