Moody’s: Guatemala bond Ba1

Moody’s Investors Service said it assigned a Ba1 rating to the Guatemala’s $700 million bond due May 3, 2026.

The government’s issuer rating is Ba1 with a negative outlook.

The country’s ratings reflect moderate medium-term growth prospects and the government’s long-standing commitment to prudent fiscal and monetary policies, Moody’s said.

The ratings also consider the country’s high poverty levels and relatively weak institutional strength compared with its Ba1 peers, the agency said.

Strict expenditure controls have led to moderate budget deficits and low debt ratios for the country despite its low government revenues, Moody’s explained.

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