S&P affirms Guatemala

Standard & Poor's said it affirmed its BB/B foreign currency and BB+/B local currency sovereign credit ratings on the Republic of Guatemala.

At the same time, S&P said it affirms its BBB- transfer and convertibility assessment on Guatemala.

The outlook remains positive.

S&P noted that the ratings on Guatemala are supported by a long track record of cautious fiscal policies and continuing improvements in general government debt profile while the ratings are constrained by limited fiscal flexibility because of low tax revenues compared with its rated peers.

© 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.