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Upgrade puts shine on Costa Rican government paper

Investors in Costa Rican government securities are expected to benefit from an upgrade in the nation's debt rating.

Monday, July 21, 2008

©image: es.wikipedia.org

Standard & Poor's rating agency raised Costa Rica from BB "stable" to BB "positive". Although Costa Rica remains relatively vulnerable in meeting its short-term commitments, the trend is toward an improvement, it said.
The change is expected to lead to a greater return for those who have invested in government titles, and it will improve the government's ability to fulfill its near-term obligations.

Source: La República

Key entities

Standard & Poor’s Danilo Montero Andrés Víquez Grupo Aldesa

Countries

Costa Rica

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