Moody's lowers ratings outlook on Honduras
Wednesday, February 27, 2013
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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