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Honduras expecting credit upgrade, says minister

Friday, May 15, 2015

Honduras Finance Minister Wilfredo Cerrato said this week’s decision by Moody’s Investors Service to raise the country’s outlook to positive is a reflection of responsible government spending and he forecast a credit upgrade within a year.

Cerrato said the government expects to reduce its fiscal deficit to 3.8 percent of gross domestic product this year and 3 percent next year, down from 4.4 percent in 2014.

Source: Bloomberg