Moody’s alters Guatemala view to stable

Moody's Investors Service said it changed the outlook to stable from negative and affirmed the government of Guatemala's long-term Ba1 issuer and senior unsecured bond ratings.

“The change to a stable outlook reflects Guatemala's demonstrated ability to cope with the pandemic shock with a minimal impact to its overall credit profile. Guatemala's economy recovered strongly from the pandemic-induced recession which combined with conservative fiscal policies limited the increase in the country's debt metrics. Moody's expects that in 2022 and 2023 continued economic growth will support the stabilization of the country's debt burden,” the agency said in a press release.

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