Fitch affirms Guatemala at BB

Fitch Ratings said it affirmed Guatemala's long-term, foreign-currency issuer default rating at BB with a stable outlook.

“Guatemala's ratings are supported by its track record of macroeconomic stability and conservative policies, low public debt to GDP and sound external liquidity,” the agency said in a news release.

“These strengths are counterbalanced by a narrow tax base that constrains policy flexibility and limits debt tolerance, as well as weak governance and human development indicators.”

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