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Standard & Poor's downgrades El Salvador

Tuesday, December 23, 2014


Financial services firm Standard & Poor's cut El Salvador's investment grade to B+ with a stable outlook.

The decision was made due to El Salvador's accumulated issues with its public finances, as well as sluggish growth.

"The cut reflects a constant deterioration of the government's financial profile, due to consistently low growth figures and high fiscal gaps," the firm's report said.

Source (in Spanish): La Prensa Gráfica