Sunday, February 25, 2024

Logo Central America Link

Fitch downgrades Guatemala's ratings

Monday, June 23, 2014

Fitch Ratings has downgraded Guatemala's long-term foreign and local currency Issuer Default Ratings to BB from BB+.

Guatemala has not been able to make sufficient progress to materially enhance its growth prospects, widen its revenue base and improve its fiscal flexibility, Fitch said.

As a result, Guatemala's relative standing in the BB category has been eroded over the years.

Source: Digital Journal