US EditionMoody's improves Costa Rica's risk rating
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The Costa Rican Ministry of Finance reported this Wednesday that Moody's improved the country's credit rating, from B1 to Ba3, with a positive outlook, due to its capacity to manage its debt and supported by economic growth.
San José, Sept. 18 (elmundo.cr) - The credit rating agency Moody's announced the improvement of the country's rating, from B1 to Ba3, with a positive outlook. This move reflects growing confidence in the Government's ability to manage its debt, supported by robust economic growth and significant improvement in fiscal indicators. According to the report, Moody's decision is based on improved debt management, driven by a reduction in financing cos…
The risk assessment firm Moody's raised Costa Rica's sovereign rating to Ba3 from B1 on September 18, while maintaining the country's outlook as stable. This change represents a rise of one step, although the country remains at a level of speculation. “This improvement in our credit rating is the result of the commitment we have made as a country to improve our public finances, implement sound debt management and promote sustainable economic gro…
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