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Moody’s Downgrades El Salvador

Nov 6, 2012

In light of weakening growth trends and debt reduction hurdles, Moody’s has dropped El Salvador’s rating to Ba3 from Ba2, it says. The agency...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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