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Moody's lowers Costa Rica's outlook on debt burden

Tuesday, September 24, 2013

Moody's Investors Service lowered its outlook on Costa Rica to negative, citing worries about the Central American nation's rising debt burden and legislative obstacles to address those issues.

The ratings firm said large fiscal deficits and a rising debt burden are the main risks to Costa Rica's credit ratings.

Though the government debt burden remains lower than average for its ratings group, it has increased in recent years.

Source: Marketwatch