Moody's lowers ratings outlook on Honduras
Moody's Investors Service lowered its outlook on Honduras's ratings to negative from stable amid concerns about the government's deteriorating finances and expectations that the nation is unlikely to reach a new agreement with the International Monetary Fund in 2013 because it is an election year.
The credit-ratings company has Honduras's bond and currency ratings at B2, or five levels into junk territory.
A downgrade is possible if Honduras sees a continued and marked deterioration of its finances.
Source: Wall Street Journal