Costa Rica into Big Leagues with investment grade
Moody's Investors Service raised Costa Rica's government bond rating into investment-grade territory, saying the nation's debt metrics have improved significantly over the past few years.
A number of Latin American nations have been praised by ratings agencies in recent months as they were less affected by the global economic slowdown than nations with more developed economies.
Analyst Alessandra Alecci said the process reflects a consolidation in public finances and decreasing government reliance on external financing.
Original source: Dow Jones