S&P Sees Guatemala Slowdown

S&P Sees Guatemala Slowdown

Central America

S&P says it has revised its outlook rating for Guatemala to stable from positive. “We revised the outlook to stable to reflect the slowdown of the encouraging momentum seen in both Guatemala’s tax collections and GDP growth in the last two years,” explains S&P credit analyst Roberto Sifon Arevalo. He also notes he expects tax revenues as a percentage of GDP to be about 11.7% in 2008, lower than in prior years and likely remaining low in 2009. S&P also cut its GDP growth forecast for 2008 and 200

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial