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Eurasia announces Costa Rica debt downgrade

Monday, January 19, 2015

The Eurasia Group didn’t even wait for lawmakers to get back from their holiday break today before announcing a downgrade of Costa Rica’s short and long-term outlooks to “negative” from “neutral.”

Eurasia Group senior analyst Risa Grais-Targow cited growing challenges for President Luis Guillermo Solís’ Citizen Action Party and a lack of perceived political will to rein in the country’s fiscal deficit among the drivers behind Friday’s downgrade.

Source: Tico Times