Moody’s Raises Guatemala Credit Rating

©image: Moodys.com

In a statement, Moody’s said that the outlook on the ratings is stable. The Ba1 rating moves Guatemala one step away from investment grade.

“Moody's cited a stable macroeconomic environment supported by prudent fiscal and monetary policies. However it also noted comparatively low levels of economic development, challenges in raising taxes, and substantial social and infrastructure needs”, reported Reuters.com.

Source: Reuters

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