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