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Fitch puts Costa Rica rating on negative watch

Thursday, January 22, 2015

Fitch Ratings put Costa Rica's sovereign rating on watch for a possible downgrade, citing the country's slow economic growth and high fiscal deficits.

The firm also affirmed Costa Rica's credit rating at double-B-plus, which is one notch below investment grade, and nine notches under the highest triple-A grade. Fellow firm Standard & Poor's Ratings Services has ranked the country's credit at double-B.

Source: Nasdaq