S&P lowers Guatemala outlook to stable

Standard & Poor's said it revised its outlook on the Republic of Guatemala to stable from positive.

At the same time, the agency said it affirmed its BB/B foreign currency and BB+/B local currency sovereign credit ratings and its BBB- transfer and convertibility assessment on the republic.

According to S&P, the ratings on Guatemala are supported by a long track record of cautious fiscal policies, relatively low levels of government debt and continuing improvements in general government debt profile.

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