Moody’s upgrades ratings of Honduras to B1 with outlook stable
Moody's Investors Service has today upgraded the Government of Honduras' foreign currency and local currency issuer and senior unsecured ratings to B1 from B2. The rating outlook was moved to stable from positive.
Moody's decision to upgrade Honduras' ratings to B1 reflects two key drivers. One is that the country has stabilized its debt and fiscal metrics at lower levels than peers. And secondly, institutional and economic conditions support continued fiscal discipline, Moody’s said.