Honduras expecting credit upgrade, says minister

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