Bear Cautious on Costa Rica

Bear Cautious on Costa Rica

Bonds Structured Finance

Despite a breakthrough on the free trade agreement with the US, Bear Stearns says it recommends a "cautious approach to investing" in Costa Rica. "We view DR-CAFTA ratification in Costar as very good news for the credit and expect the positive referendum outcome to elicit a favorable near-term market response," says Bear. "However, given that ratification was only the first big step in the final process, with passage of 13 contentious laws that would allow for its implementation still pending (s

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