Pacific Credit Rating Opens Office in Guatemala

The risk rating company will operate from Guatemala, as part of its Latin American expansion plan.

Friday, February 5, 2010


©image: PCR

On February 1st, 2010, the National Securities Registry of Guatemala, through Act No.010806, authorized PCR to offer its services in the country.

Mr. Oscar Jasaui, president of PCR, stated: “Guatemala has become an important market for PCR´s operations, as it has developed considerably in the past years. The country offers important business opportunities for us”.

More on this topic

Rating Agencies Questioned

July 2011

While in Europe ratings go down and in Latin American they go up, the opinion of the agencies is starting to be looked at with different eyes.

A decade ago debt issued by European countries benefited from mostly high grades and attractive ratings, which helped them maintain high prices and low yields.

BBB A +, B-CC, D. .. ¿AAA?

September 2011

The most perverse thing about the credit risk rating system is that it has weakened (deliberately?) the indispensable analytical skills of investors.

The resignation of Standard & Poor's chief executive of following the agency’s downgrading of the U.S.’s credit rating, reveals the fragility of the whole risk rating system.

Standard & Poor's Maintains El Salvador’s Rating

January 2012

The ratings agency Standard & Poor's has maintained the sovereign credit rating of El Salvador at BB-/ B local and in terms of foreign exchange, reported a stable outlook.

The report notes, "The Government's commitment to fiscal and macroeconomic stability is consistent with the ratings, despite mediocre economic growth and limited fiscal and monetary flexibility."

S&P Lowers El Salvador Rating

January 2011

Standard & Poor's downgraded the country's rating to "BB-" from "BB" with an overall picture of "stable”.

Reuters reports part of the S&P statement "The downgrade reflects Standard & Poor's view that political climate is deteriorating due to the growing division between president Mauricio Funes and the FMLN."

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