Moody's: Guatemala outlook stable

Moody's Investors Service said it changed the outlook on Guatemala's Ba2 foreign-currency government rating to stable from positive to reflect reduced prospects for an upgrade.

This reflects a relative worsening of Guatemala's credit metrics compared to similarly rated countries as well as the impact of the global crisis, which will make credit improvements more difficult, the agency said.

"Despite recent above-trend growth, Guatemala is growing slower than the median for Ba sovereigns; Guatemala is getting poorer and smaller compared to other Ba countries," Moody's vice president Gabriel Torres said in a statement.

© 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.