Moody's lifts Guatemala

Moody's Investors Service said it raised Guatemala's foreign currency government bond rating to Ba1 from Ba2 and affirmed its domestic currency bond rating at Ba1.

The outlook is stable.

"The upgrade of the foreign currency bond rating unifies that rating with its domestic currency counterpart," said Moody's vice president Gabriel Torres.

"This action reflects its view that, with rare exceptions, a government is equally likely to default on its domestic and foreign currency obligations."

The Ba1 ratings balance Guatemala's credit strengths, which include a stable macroeconomic environment supported by prudent fiscal and monetary policies, the agency noted.

© 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.