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Costa Rica loses investment grade

Wednesday, September 17, 2014


 

Financial services firm Moody's downgraded Costa Rica's rating to Ba1 from Baa3, with a speculative grade.

The cut means Costa Rica no longer has an investment grade.

The company said the downgrade was due to weakness in the country's institutions to carry out a fiscal reform, as well as its fiscal deficit, among others.

Full story (in Spanish)