Sunday, August 1, 2021

Logo Central America Link

Costa Rica downgraded on fiscal deterioration

Tuesday, March 1, 2016


Standard & Poor's Ratings Services lowered its long-term foreign and local currency sovereign credit ratings for Costa Rica due partly to a lack of tax reform.

The ratings were lowered from 'BB' to 'BB-' and the outlook is negative. At the same time, the agency affirmed its 'B' short-term foreign and local currency sovereign credit ratings.





Source: Tax-news